Biden's bad news on inflation
- Thread starter binsfeldcyhawk2
- Start date
Right. Inflation was and is being driven driven globally by the pandemic, war in Ukraine, and energy prices, everywhere in the world except for the U.S.. In the U.S. it's Biden's fault.
Rs throwing a fit about inflation is just like Rs throwing a fit over the debt. None of them cared when Trump was in charge. Dude spent $3 trillion worth of stimulus plans but never a peep from our illustrious friends on the right.
I'm a big Ruffles fan typically, but won't buy them now at their crazy prices. And Hy-Vee is constantly running specials where the price is decent, but you have to buy 4 bags. Screw that too.
You're still mad about threads that at a minimum were over 3 years ago? Let it go man. Let it go...
R's never met a corporate handout or military program they didn't like and the D's never met a social program they didn't like. But make no mistake, none of them care one iota about the debt. It's all politics baby. Especially Republicans.
No dumb ass,.. Here in the US we get pandemic, Ukraine, energy, plus dumb ass Biden's bad economic choices.
A few months after taking office. Pretty incredible.
Reminds me of Obama being blamed immediately for the nose diving economy he inherited from Bush and then getting zero credit when it rebounded bigly.
Is that something that you see come up regularly, or is it a strawman?
I've been having conversations about this general topic when it comes to recruiting and retention. Generally what we are hearing from staff is that our generous 401k match is very much appreciated, but not as much as cash in hand would be, and the stated reason is that the 401k doesn'tpay the rent or buy groceries.
I think it's important to remember that being able to worry about retirement savings is a luxury for most hourly workers, and isn't even necessarily a realistic investment for lower and lower-middle class earners in the first half of their working years.
Actually it took Joe 18 months to establish his current monthly high,.. so yeah, this is his.
Why has it been going down? Isn't Biden still in office? Did he undo his policies?
So apparently no damage was done to trigger the run away inflation before Biden took office. rah rah go team
Even this administration has finally found it difficult to continue spending money at such a frenetic pace,.. Probably the Republican house.
So how many people do we need to "Crean" from the face of the Earth to fix this problem?...............
Yeah that must be it. Trump spending and the pandemic likely had nothing to do with it.
This is dumb, even for you.
You might want to go back and look at it, Trump fought the first round of stimulus.
They just repeat the same bullshit over and over and over without using logic and common sense. Willful ignorance and a refusal to learn.
Ya, when i first started grocery 55 years ago shopping, a 50lb sack of potatoes was $1.00, now 3lbs BAG are $4.00. LOL.
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Hasn't rebounded yet,.. Inflation is still trending positive for Joe.
Trump didn't fight the CARES Act and he called the follow up relief bill (December 2020) a "disgrace" because it didn't provide for more direct payments (he wanted up to $2000/$4000)
I'm surprised there is still above normal inflation. Retail businesses are struggling right now in most parts of the country. People just aren't buying things for whatever reason. Perhaps, perceived cost? I've seen prices stabilize in the past year after they inflated the previous year. There is a limit to what people are willing to pay. Our stores are somewhat upscale but we've put an emphasis on buying products at a price point that is more approachable for those that might be trying to stretch their money a bit further. All this being said and going back to my original point, it's surprising that prices are going up. I'm seeing a lot of discounted products from our vendors.
So inflation went from 1.4% to 5% in Biden's first four months in office through no fault of his. I don't think any rational mind would blame the immediate inflation on Biden during the beginning of his term.Where the F are you looking?
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in January on aseasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months,the all items index increased 1.4 percent before seasonal adjustment.
Current US Inflation Rates: 2000-2024
The annual inflation rate for the United States was 3.3% for the 12 months ending May, compared to the previous rate of 3.4%, according to U.S. Labor Department data published on June 12, 2024. The next inflation update is scheduled for release on July 11 at 8:30 a.m. ET, providing information...www.usinflationcalculator.com
so Biden is to blame for inflation because he was in favor of the policy someone else (his opponent in this election) implemented during which time Biden had no active role in govt?
trump, the guy who implemented that policy, is not to blame?
there were 6 pandemic relief bills - 5 signed by trump, 1 signed by biden
The Six Laws that Funded Pandemic Relief Programs
We're responsible for providing transparency and oversight of the programs funded by the six laws listed here.
www.pandemicoversight.gov
in total, about $5.4T of funding was in those bills. $3.5T signed by trump, $1.9T signed by biden
but yes...inflation is all biden's fault becuase of the covid relief bills
That's reasonable.
I do think the ARP was way too big and not targeted enough...as all the COVID stimulus was. I think the first ARP checks went out in April fwiw.
Virtually every Republican voted for the Trump stimulus packages. The Cares Act had at least a 90% approval rate by the Rs. You only make yourself out to be an idiot when you try to revise history like this.
You seem to forget how much you bitched about him not wanting to sign the first one, he didn't want to.
The only person revising anything is you.
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www.politico.com
that article is about his objections to the third covid stimulus bill, not the first one
and one of his objections were that payments to people were too small...so in the context of "inflation is caused by all the covid cash handouts", trump was pushing to exacerbate that issue
False.
He thought covid was a joke and would be gone, which you all blasted him for, and then didn't want to send the foreign aid at one point.
Specific to the first one, he did not want to send it.
Read it again, he fought the first one, and then wanted more for the 3rd. Frankly I think he thought he could buy some votes by then.
He fought the first one. It was well discussed here.
