U.S. Inflation rate timeline under Biden. (Page 2): LOL NO it's not the same, barrowing money and dumping is NOT the same as tax cuts, that's just pure stupidity.

Racmanaz Loc: Sunny Tucson!

DennyT wrote:

Well answer the question then ! The result is the same

LOL NO it's not the same, barrowing money and dumping is NOT the same as tax cuts, that's just pure stupidity.

DennyT Loc: Central Missouri woods

Racmanaz wrote:

LOL NO it's not the same, barrowing money and dumping is NOT the same as tax cuts, that's just pure stupidity.

You need. To study a bit . What people consider inflationary about Biden program is not where the money came from. it is what done with it by dropping billions into the economy and driving up demand as people have more to spend.

But since you want to pivot away from the subject you raised - inflation.
We can talk that if you want to and compare how far trump drove the national debt how much Biden has. Bring it on !!

Added

Trump grew the national debt $7.8T in his 4 years. While biden doesn’t have 4 years under his belt yet he is forecast to grow it by $4.8 in 10 years .

https://www.crfb.org/blogs/biden-administration-has-approved-48-trillion-new-borrowing

Racmanaz Loc: Sunny Tucson!

DennyT wrote:

You need. To study a bit . What people consider inflationary about Biden program is not where the money came from. it is what done with it by dropping billions into the economy and driving up demand as people have more to spend.

But since you want to pivot away from the subject you raised - inflation.
We can talk that if you want to and compare how far trump drove the national debt how much Biden has. Bring it on !!

NO, YOU need to study quite a bit about this subject. You have already proven that you don't know jack crap about this subject. You are such a narcissist who thinks he knows everything and argues with everybody. You need some serious professional help. Only an idiot thinks barrowing money and dumping it has the same results and tax cuts, that's just pure uneducated stupidity.

DennyT Loc: Central Missouri woods

Racmanaz wrote:

NO, YOU need to study quite a bit about this subject. You have already proven that you don't know jack crap about this subject. You are such a narcissist who thinks he knows everything and argues with everybody. You need some serious professional help. Only an idiot thinks barrowing money and dumping it has the same results and tax cuts, that's just pure uneducated stupidity.

Educate yourself or tell me where I am wrong - SPECIFICALLY !

Racmanaz Loc: Sunny Tucson!

DennyT wrote:

Educate yourself or tell me where I am wrong - SPECIFICALLY !

LOL No, YOU educate yourself, you don't know jack ch*t.

DennyT Loc: Central Missouri woods

So when cornered you resorton juvenile slander instead of intelligently discussion.

Racmanaz Loc: Sunny Tucson!

DennyT wrote:

So when cornered you resorton juvenile slander instead of intelligently discussion.

Lol There's that narcissism again, you don't know jack ch*t. You definitely don't have the ability or the skill to corner anybody like you think you do.

By the way Mr. narcissist, how did I slander you?

slocumeddie Loc: Inside your head, again

DennyT wrote:

So when cornered you resorton juvenile slander instead of intelligently discussion.

Resorton......is that a new medication your are taking for your TDS.....???

davidrb Loc: Half way there on the 45th Parallel

Racmanaz wrote:

Hmmm

Do not forget his unscrupulous friends, the Democratic National (?) Party! Bums tend to fall in together to form mass terrorist gangs! Their index fingers are falling off from so much finger pointing at their "enemies" when it s they themselves that are the problems! Go to your poll in November and send these clowns packing while you can still afford to vote.

Watash

Racmanaz wrote:

Hmmm

Have you noticed that a rich congressperson whose friends are rich donors or other rich congresspersons,
couldn't care less about this? Especially, if you are a rich congressperson (McConnell) whose wife got
rich by dealing with the Chicoms.
Congress - an elected American crime syndicate.

RichieC Loc: Adirondacks

DennyT wrote:

Thanks .looks like the rate hikes have ramped down demand as planed. It peaked in June according to your image.

Personally I not sure it was the fed but rather people coming out of pandemic have now purchased what they put off and spending on things ( gas, theater, travel, …. ) they skipped and gone back to normal—- not splurging.

Everything is more expensive... EVERYTHING IS WAY MORE EXPENSIVE. From eggs, to houses and EVERYTHING INBETWEEN. There is nothing planned about any of this, except a Marie Antionette attitude of "let them eat cake".

DennyT Loc: Central Missouri woods

RichieC wrote:

Everything is more expensive... EVERYTHING IS WAY MORE EXPENSIVE. From eggs, to houses and EVERYTHING INBETWEEN. There is nothing planned about any of this, except a Marie Antionette attitude of "let them eat cake".

Absolutely true, never said otherwise.
It’s just that some apparently have no clue about conflation and what causes it.

RSPB Loc: New York

AS I understand it the inflation percentages are a year over year percentage. In July 2021 inflation was 5.4 % over what prices were the previous July (2020) - then in July 2022 the inflation was ANOTHER 8.3 % higher than it was in July 2021. So the cumulative effect is much greater than the current 8.3 figure. Example - $100 price in July 2020. Up 5.4% is 105.40 in July 2021. Up 8.3 in Jul 2022 equals 114.14. Inflation up 14.14 % over two years - and it keeps going.

FrumCA

Racmanaz wrote:

Hmmm

The left is notably silent on taking credit for this.

anotherview Loc: California

Elections have consequences.

Racmanaz wrote:

Hmmm