2.8%
In an ongoing tradition, Fox News is disappointed it’s that good.
Thanks Brandon! You old dog!
In an ongoing tradition, Fox News is disappointed it’s that good.
Thanks Brandon! You old dog!
2Q GDP
- Thread starter St. Louis Hawk
- Start date
I can't think of a reason why - in an economy desperately fighting inflation - a high GDP number might be perceived as a negative.
I thought we don't get to blame the president for a bad economy, so why does he deserve praise when certain numbers are positive? It's like gas prices right? The president doesn't have control over gas prices so he shouldn't take blame when it's almost $4.00 per gallon and he shouldn't be praised when they're under $3.00....
You realize this site has a search function where we can see what you posted about Biden and inflation in the past, yes?
Here is you blaming Biden for inflation:
“Biden and the Dems created the problem, why is republican twatter responsible for cleaning up their mess?”
Seems to me that you blamed Biden for high inflation so you should credit him for lower inflation.
But I’m just spitballing here …
I won't take this good news to heart until @Finance85 chimes in to downplay it, as usual. One of these updates is not official until he comes in to tell us all the things wrong with the report.
How much are gas prices affected by DEI?
I thought this thread was about GDP not inflation? The inflation numbers are so complicated and rigged it's not like they are accurate. If you go grocery shopping today, it's not 3% higher than this day a year ago. It's just not.
Well, maybe we could just start in this instance with Fox News not immediately trying to downplay good economic news?
I mean, we both know why they’re doing what they’re doing…
Well "I've had a great relationship. In Delaware, the largest growth in population is Indian-Americans moving from India. You cannot go to a 7-Eleven or a Dunkin' Donuts unless you have a slight Indian accent. I'm not joking," Biden said.
So there's that anyway
Could you please knock it off with the sarcasm about Finance 85. He has Finance in his username so he's obviously an expert on all of this stuff. If you read through his posts you can be assured of his acumen.
Only when what I'm being told isn't what I'm experiencing. You can't tell me inflation is down and I'm spending 150% at the grocery store for the same items from a year ago.
If you shop at the same store, and buy the exact same item, prices are not 3% higher year over year... they are MUCH higher than that. Some items might not be that much higher while others are Snoop Dog level high.
Food came in at 2.2% more in June 2024 vs. June 2023. https://www.bls.gov/opub/ted/2024/consumer-prices-up-3-0-percent-from-june-2023-to-june-2024.htm
You getting dunked on over and over again is hilarious.
Has the price of groceries increased 20% since Joe Biden became president?
Yes.
The price of groceries increased more than 20% during President Joe Biden’s first three years in office and exceeded wage growth.The Consumer Price Index for “food at home” rose from 252.7 on Jan. 1, 2021, to 305 in December 2023 — an increase of 20.7%. The index for average hourly wages increased 14.7% — from 29.9 to 34.3.
During the first three years of President Donald Trump’s administration, the grocery index rose from 237 in January 2017 to 243 in December 2019 — an increase of 2.5%.
The wage index increased 9.1% — from 26 in January 2017 to 28.37 in December 2019.
This fact brief is responsive to conversations such as this one.
Sources
U.S. Bureau of Labor Statistics: Glossary : U.S. Bureau of Labor Statistics
FRED (Federal Reserve Bank of St. Louis): January 2021 to December 2023: Consumer Price Index for All Urban Consumers: Food at Home in U.S. City Average
FRED (Federal Reserve Bank of St. Louis): January 2021 to December 2023: Average Hourly Earnings of All Employees, Total Private
FRED (Federal Reserve Bank of St. Louis): January 2017 to December 2019: Consumer Price Index for All Urban Consumers: Food at Home in U.S. City Average
FRED (Federal Reserve Bank of St. Louis): January 2017 to December 2019: Average Hourly Earnings of All Employees, Total Private
So yay for only 2.2% more than the 20% they've gone up.
That's concerning come from you, I only like being called adorable by chicks without dicks.
It’s beyond clear, and has been, MAGAs don’t want positive economic news while Biden is in office. When we say they are literally rooting against the country it’s because they are literally rooting against the country.
We have also explained to you and Katie Porter got this admitted, under oath, that half of those increases are price gouging, hence the record corporate profits. THEY are the ones screwing us, not Biden. Learn.
Yes, we know Joe has 0 accountability, which is why he gets 0 credit.
Yes because the prices are only up for me... everyone else has the contra cheat code they enter at the register.
Inflation is going down. I don’t know what else to tell you.
And now do the other side of the equation - the increase in wages.
You cant just say prices went up without looking at wages.
Why don't you share Trump's vision for lowering inflation.
