Bidenflation and Shortage thread

[BDKJMU]

Darn those gas station moguls.

This dumbass doesn't understand that the gas stations are only making 2-3% profit margin on gas.
I'm surprised he can even type out a tweet..

[BDKJMU]

Well, this didn't age well.

Where the tweet for this year about how much the cost has gone up?

And someone needs to tell those dumbasses that "BBQ" isn't an event, or a grill, or a verb.
And its Independence Day, not 4th of July.

[BDKJMU]

2021
Jan: 1.4% (Biden enters office)
Feb: 1.7%
March: 2.6%
April: 4.2%
May: 5.0%
June: 5.4%
July: 5.4%
Aug: 5.3%
Sept: 5.4%
Oct: 6.2%
Nov: 6.8%
Dec: 7.0
2022:
Jan: 7.5%
Feb: 7.9%
March: 8.5%
April: 8.3%
May: 8.6%
June: 9.1%
July 8.5%
Aug 8.3%
Sept 8.2%
Oct 7.7%
https://www.usinflationcalculator.com/i ... ion-rates/

[CAA Flagship]

9.1%

[BDKJMU]

9.1%

Lets Go Brandon!

Clearly the rate increases haven’t been even close big enough. The 3 rate hikes totally 1.25? seem to have done nothing to slow down inflation. Next one the Fed needs to do at least a full point. Really should be 1.5.

[SeattleGriz]

It should be pretty obvious that in all of Biden's time in government, he never paid attention to what actually worked in a positive manner for our country. Simply cared where his next donor check came from. Very much like when a career politician, like Hillary, says she's been in service to America for 30+ years, but yet can't come up with anything of substance. Uniparty.

[BDKJMU]

It should be pretty obvious that in all of Biden's time in government, he never paid attention to what actually worked in a positive manner for our country. Simply cared where his next donor check came from. Very much like when a career politician, like Hillary, says she's been in service to America for 30+ years, but yet can't come up with anything of substance. Uniparty.

Dec 2021:
Biden Says Inflation at ‘Peak’ And Should Soon Decline Rapidly
https://www.msn.com/en-us/money/markets ... ar-AARGLoD

More proof that Biden, and the economic advisors he has around him, are morons.

[HI54UNI]

Anybody tried buying caulk recently? Local hardware stores and Menards are generally out of most kinds of caulk. Seems like an odd thing to have a shortage of.

[HI54UNI]

Contracted my propane for the winter today. Going to cost me an extra $450 compared to last year or about $90/month. I'm fortunate that I can afford to prepay the entire amount so I get a discount. Feel bad for people who can't afford to do that.

[GannonFan]

Contracted my propane for the winter today. Going to cost me an extra $450 compared to last year or about $90/month. I'm fortunate that I can afford to prepay the entire amount so I get a discount. Feel bad for people who can't afford to do that.

Mine's up a lot too. Going to cost me another $600 for the year coming up (I pay over 10 months and that is the discounted plan). Brutal.

[UNI88]

Anybody tried buying caulk recently? Local hardware stores and Menards are generally out of most kinds of caulk. Seems like an odd thing to have a shortage of.

Short caulk? Sounds like a personal problem ...

[bobbythekidd]

Anybody tried buying caulk recently? Local hardware stores and Menards are generally out of most kinds of caulk. Seems like an odd thing to have a shortage of.

Short caulk? Sounds like a personal problem ...

[BDKJMU]

Contracted my propane for the winter today. Going to cost me an extra $450 compared to last year or about $90/month. I'm fortunate that I can afford to prepay the entire amount so I get a discount. Feel bad for people who can't afford to do that.

Mine's up a lot too. Going to cost me another $600 for the year coming up (I pay over 10 months and that is the discounted plan). Brutal.

What are ya’ll complaining about. Biden and the rest of his minions were crowing about zero inflation the last month.

[GannonFan]

Mine's up a lot too. Going to cost me another $600 for the year coming up (I pay over 10 months and that is the discounted plan). Brutal.

What are ya’ll complaining about. Biden and the rest of his minions were crowing about zero inflation the last month.

Well, Biden has been well insulated from the problems of real people for decades now. He's an entrenched DC politician, his knowledge of the real world is limited.

Zero inflation from one month to the next is fine and is nice. What it doesn't erase is the fact that things still cost a heckuva lot more than they did several months ago, and wages haven't come anywhere close to bridging that gap in the meantime. If my next raise isn't 8% or so then I'm behind where I was a year ago. I'm sure Biden will just tell me to buy an electric car or take public transportation. Or maybe the GOP can rally behind Trump and we can have another 4 years of high end drama. What a joy politics has been lately.

[CAA Flagship]

Another bad monthly CPI report. Thanks, Brandon.

[AZGrizFan]

Another bad monthly CPI report. Thanks, Brandon.

Fed waited about 8 months too long to start raising rates. Once the inflation horse is out of the barn, it’s tough to reign in.

And what Brandon’s minions fail to realize is that it’s not just 8.3%. That’s on TOP OF the 5+% it was up LAST year, so that’s over 13.5% just since he took office. Yep. Nothing to see here, move along. He’s a fucking genius.

[GannonFan]

Another bad monthly CPI report. Thanks, Brandon.

Fed waited about 8 months too long to start raising rates. Once the inflation horse is out of the barn, it’s tough to reign in.

And what Brandon’s minions fail to realize is that it’s not just 8.3%. That’s on TOP OF the 5+% it was up LAST year, so that’s over 13.5% just since he took office. Yep. Nothing to see here, move along. He’s a fucking genius.

They'll try to do anything to make people not fully appreciate the enormity of the inflation problem. There's a reason why the Fed used to have control of inflation as their number one priority because, as you say, it's extremely difficult to bring down inflation once you let it get out of hand, and often the best way to bring it down is for the economy to go through a painful recession. We're in the less painful recession now and it's not working, so the next year or two doesn't look particularly rosy right now.

There's no getting around the fact that we blew it at the federal level - Biden's administration's new liberal economic theory that there's nothing wrong with a no limit to government spending philosophy coupled with the Fed's amazing dereliction of duty by leaving rates for so low for so long and holding onto a hefty portfolio as well have been historic mistakes that we're paying for now, and will continue to pay for for years to come. There's no way to sugarcoat what a colossal economic mistake this administration has made.

[Winterborn]

JSO would disagree with both of you.

[Winterborn]

Another bad monthly CPI report. Thanks, Brandon.

Fed waited about 8 months too long to start raising rates. Once the inflation horse is out of the barn, it’s tough to reign in.

And what Brandon’s minions fail to realize is that it’s not just 8.3%. That’s on TOP OF the 5+% it was up LAST year, so that’s over 13.5% just since he took office. Yep. Nothing to see here, move along. He’s a fucking genius.

People (and the media especially) like to deliberately ignore this fact. When one has a moving baseline, just reporting the number is basically useless without factoring the rest of the story in.

[GannonFan]

JSO would disagree with both of you.

No one has been more consistently wrong in their interpretations than JSO is whenever he talks about economics. He might be the dumbest person I've ever encountered on these boards when it comes to that topic. Probably a nice guy, but as dumb as dirt about economics. And I'm trying not to insult dirt.

[BDKJMU]

Fed waited about 8 months too long to start raising rates. Once the inflation horse is out of the barn, it’s tough to reign in.

And what Brandon’s minions fail to realize is that it’s not just 8.3%. That’s on TOP OF the 5+% it was up LAST year, so that’s over 13.5% just since he took office. Yep. Nothing to see here, move along. He’s a fucking genius.

People (and the media especially) like to deliberately ignore this fact. When one has a moving baseline, just reporting the number is basically useless without factoring the rest of the story in.

Was actually worse that that Calendar 2021 was 7%..On pace for higher than that this yr..

[BDKJMU]

Meanwhile, the markets are reacting very positively to today’s news..

[AZGrizFan]

People (and the media especially) like to deliberately ignore this fact. When one has a moving baseline, just reporting the number is basically useless without factoring the rest of the story in.

Was actually worse that that Calendar 2021 was 7%..On pace for higher than that this yr..

Yes. I was talking specifically about August of last year, which was 5.3%. Not the calendar year.

[BDKJMU]

Meanwhile, the markets are reacting very positively to today’s news..

Damn, worst day of the year. All 3 indexes down 4%-5%.

Way to go Brandon..

[∞∞∞]

Has anyone told conservatives yet that the US isn't the only country on Earth?

hint: global inflation and shortages are not because of one American...