Bidenflation and Shortage thread

[SDHornet]

[BDKJMU]

The 1/4 point raise woefully inadequate to stop inflation..Like trying to put out a raging fire with a garden hose.

[GannonFan]

The 1/4 point raise woefully inadequate to stop inflation..Like trying to put out a raging fire with a garden hose.

They're in the tricky spot now of how to back off all of this stimulus without dropping the economy into a recession. Everyone agrees that the Fed has blown this so far at this point (well, except for the libs at the Fed), but the bigger thing to judge them on is if they're able to get out of this. We're in inning 3 or 4 of a 9 inning game, still plenty of time left to see how this ends up.

[SeattleGriz]

Bahaha. Getting so bad, Dems are bringing in the evil gas executives to blame for the high prices.

I sure hope one of the gas executives points out like last time (to paraphrase), how they make .08 cents a gallon profit, while the Government adds .80 in taxes. So who is gouging the public?

[BDKJMU]

Bahaha. Getting so bad, Dems are bringing in the evil gas executives to blame for the high prices.

I sure hope one of the gas executives points out like last time (to paraphrase), how they make .08 cents a gallon profit, while the Government adds .80 in taxes. So who is gouging the public?

Yep. Govt profits more of the gas you’re filling your tank with than the gas station or the oil companies.

What the Fed and every state should be doing.
https://www.foxbusiness.com/economy/kem ... hrough-may

[AZGrizFan]

The 1/4 point raise woefully inadequate to stop inflation..Like trying to put out a raging fire with a garden hose.

If you were expecting more than that you haven’t been paying attention.

[BDKJMU]

The 1/4 point raise woefully inadequate to stop inflation..Like trying to put out a raging fire with a garden hose.

If you were expecting more than that you haven’t been paying attention.

I wasn’t. But it proves most of the Fed is like the rest of govt- stupid people in high places.

[SeattleGriz]

Extactly. Beer is up 5.3%

[Ivytalk]

Extactly. Beer is up 5.3%

And she should know. MTG and Boobert(sic) are setting up the right-wing equivalent of The Squat.

[SeattleGriz]

Extactly. Beer is up 5.3%

And she should know. MTG and Boobert(sic) are setting up the right-wing equivalent of The Squat.

I was thinking the exact same thing!

[AZGrizFan]

If you were expecting more than that you haven’t been paying attention.

I wasn’t. But it proves most of the Fed is like the rest of govt- stupid people in high places.

They’re not stupid.


OK, maybe they are….but the biggest reason they haven’t done more is they’re bought and paid for.

[BDKJMU]

8.5%
https://nypost.com/2022/04/12/inflation ... -1981/amp/
10.2% Biden inflation tax in 15 months (7% in 2021, .91% in Jan, .84% in Feb, 1.2% in March).

[TheDancinMonarch]

8.5%
https://nypost.com/2022/04/12/inflation ... -1981/amp/
10.2% Biden inflation tax in 15 months (7% in 2021, .91% in Jan, .84% in Feb, 1.2% in March).

The events in NYC this AM will keep this bad Biden news off the front pages.

[GannonFan]

8.5%
https://nypost.com/2022/04/12/inflation ... -1981/amp/
10.2% Biden inflation tax in 15 months (7% in 2021, .91% in Jan, .84% in Feb, 1.2% in March).

The events in NYC this AM will keep this bad Biden news off the front pages.

Well, most websites still had the pretty bad inflation news as a headline. CNN, though, even now, does not have it as a headline anywhere. They buried it in a smaller headline further down the page where some Bank of America person is warning of a coming recession. But CNN is pretty far left. Even ABCNews has a headline, with the 8.5% number, as the third headline down the page.

[BDKJMU]

Manchin not happy with Biden. Good luck getting him to support a scaled down Build Back Broke..
https://www.yahoo.com/now/manchin-tears ... 12888.html

[TheDancinMonarch]

The events in NYC this AM will keep this bad Biden news off the front pages.

Well, most websites still had the pretty bad inflation news as a headline. CNN, though, even now, does not have it as a headline anywhere. They buried it in a smaller headline further down the page where some Bank of America person is warning of a coming recession. But CNN is pretty far left. Even ABCNews has a headline, with the 8.5% number, as the third headline down the page.

Our wonderful paper here in eastern Virginia, The Virginian-Pilot, which used to call itself "The voice of the Democratic Party in Virginia" highlighted the inflation data on page 16.

[BDKJMU]

Did anyone catch Brandon last Thur claiming that 70% of the increase in inflation was due to Putin. When Biden came into office inflation Jan 21’ was 1.4%..

[kalm]

[AZGrizFan]

Yep. Damned evil capitalism.


Wouldn’t it just be better if our benevolent government owned everything?

[kalm]

Yep. Damned evil capitalism.


Wouldn’t it just be better if our benevolent government owned everything?

That’s quite the leap.

Show me where countries with unrestricted pure free markets with low taxation have succeeded anywhere in the world.

[GannonFan]

No offense, but why do you have a graph on current inflation that goes all the way back to 1979? Without seeing the raw data, that seems mighty suspicious to do that. Of course labor costs were huge 40 years ago compared to now, but that doesn't really say anything about current inflation. Methinks that is a graph put together specifically to make a point, no matter how hard data had to be manipulated to make the bars look they way they wanted them to look.

[Baldy]

I guess there wasn't corporate greed before 'Rona.

Looking at those numbers, seems they are comparing figures from during COVID to the period after COVID, and that's not being very honest.

[kalm]

No offense, but why do you have a graph on current inflation that goes all the way back to 1979? Without seeing the raw data, that seems mighty suspicious to do that. Of course labor costs were huge 40 years ago compared to now, but that doesn't really say anything about current inflation. Methinks that is a graph put together specifically to make a point, no matter how hard data had to be manipulated to make the bars look they way they wanted them to look.

No offense taken and I think you raise a fair issue. I’ll point out its not my graph. Matt Stoller is typically solid in his thoughts but this is an EPI chart and they certainly have an axe to grind.

[GannonFan]

No offense, but why do you have a graph on current inflation that goes all the way back to 1979? Without seeing the raw data, that seems mighty suspicious to do that. Of course labor costs were huge 40 years ago compared to now, but that doesn't really say anything about current inflation. Methinks that is a graph put together specifically to make a point, no matter how hard data had to be manipulated to make the bars look they way they wanted them to look.

No offense taken and I think you raise a fair issue. I’ll point out its not my graph. Matt Stoller is typically solid in his thoughts but this is an EPI chart and they certainly have an axe to grind.

Heck, now looking back at it I'm not even sure how you even look at "unit prices" and assign percentages as neatly as they did to that analysis. And they didn't include the most recent quarter, although I guess they would say 100% of all increases there are due to Putin. No analysis necessary I suppose.

[AZGrizFan]

No offense, but why do you have a graph on current inflation that goes all the way back to 1979? Without seeing the raw data, that seems mighty suspicious to do that. Of course labor costs were huge 40 years ago compared to now, but that doesn't really say anything about current inflation. Methinks that is a graph put together specifically to make a point, no matter how hard data had to be manipulated to make the bars look they way they wanted them to look.

No…no…..no economist would do that.