JamesCurran wrote:
(Sigh)..
ONCE AGAIN....8.2% is over the last YEAR... the summation of 12 monthly increases. But, No one can do anything about what happened 11 months ago.
Biden can only deal with NOW. And, now, the inflation rate is low. The last three monthly rates were 0.1, 0.0 and 0.4 or 0.5 for the quarter, annualized to 2.0%
NO! The current inflation rate is NOT “low”! (Curran’s quote:
”And, now, the inflation rate is low.”)
The inflation rate average (what people actually have to “pay”)
is STILL currently 8.3 !Mr. Curran may sigh, whine, cry, scream, deny, or obfuscate, it does not really matter if the rates are “monthly” or “annualized”.
The CURRENT (monthly) rate-of-increase may be low (for the last three months).
The OVERALL inflation rate (annual average) remains excessive.
The undeniable FACT: Inflation is WORSE now, no matter what mathematical “trickery” is employed.And the inflation-rate increase has occurred during FJ-Biden’s tenure. (*)SOURCE:
https://www.usinflationcalculator.com/inflation/current-inflation-rates/ :
Pres… Year…..JA….FB….MR….AP……MY…..JN…..JL……AU…..SP……OT……NV…..DC….[Avg.]
Biden. 2022- 7.5…7.9…8.5….8.3….8.6….9.1…8.5….8.3….8.2………………………….….[8.3] <Current Year>
Biden. 2021- 1.4…1.7…2.6….4.2….5.0….5.4…5.4….5.3….5.4….6.2….6.8….7.0….[4.7]
Trump 2020- 2.5…2.3…1.5….0.3….0.1….0.6…1.0….1.3….1.4….1.2….1.2….1.4….[1.2]
Trump 2019- 1.6…1.5…1.9….2.0….1.8….1.6…1.8….1.7….1.7….1.8….2.1….2.3….[1.8]
Trump 2018- 2.1…2.2…2.4….2.5….2.8….2.9…2.9….2.7….2.3….2.5….2.2….1.9….[2.4]
Trump 2017- 2.5…2.7…2.4….2.2….1.9….1.6…1.7….1.9….2.2….2.0….2.2….2.1….[2.1]
Obama2016- 1.4…1.0…0.9….1.1….1.0….1.0…0.8….1.1….1.5….1.6….1.7….2.1….[1.3]
Obama2015- 0.1…0.0.-0.1..-0.2…..0.0….0.1..0.2….0.2….0.0….0.2….0.5….0.7….[0.1]
This shows FJ-Biden “inherited” an inflation rate of ~1.3 ( a 4 month previous average), and in February the rate began to increase to 1.7, in March it had increased to 2.6, in April to 4.2, in May to 5.0, in June to 5.4 where it essentially remained flat until September, then in October through December averaged ~6.6.
Heck, we could even analyze by governmental Fiscal Year (Oct 01–>Spt30):
Pres… Year…………OT……NV…..DC….JA….FB….MR….AP……MY…..JN…..JL……AU…..SP….[Avg.]
Biden. 2021/22…6.2….6.8….7.0…7.5…7.9…8.5….8.3….8.6….9.1…8.5….8.3….8.2….[7.9]<Current Fiscal Year>
Tr/Bi….2020/21…1.2….1.2….1.4…1.7…2.6…4.2….5.0….5.4….5.4…5.3….5.4….6.2….[3.8]<End Trump/Begin Biden>
And STILL FJ-Biden shows up on the losing end of the stick!
~~~~~~~~
Coincidentally, some policies initiated by FJ-Biden, et.al., commencing on his first day in office, compounded the problems of the economy and the nation.
EXECUTIVE ORDER 1:
Biden ordered a nationwide mask-wearing and social-distancing mandate on federal lands, in federal buildings, and for federal employees and contractors.
EXECUTIVE ORDER 2:
Rejoin the World Health Organization.
EXECUTIVE ORDER 3:
Set up a Covid office that reports directly to Biden.
EXECUTIVE ORDER 4:
Extend foreclosure and eviction moratoriums.
EXECUTIVE ORDER 5:
Freeze student debt collection.
EXECUTIVE ORDER 6:
Rejoining the Paris climate accords.
REVERSAL OF TRUMP ORDER
Sent the United Nations a document that will make the U.S. party to the agreement in 30 days.
EXECUTIVE ORDER 7:
Revoked the permit for the Keystone XL pipeline and canceled other Trump administration energy rules.
EXECUTIVE ORDER 8:
Terminated the Trump administration’s 1776 Commission, a project aimed at promoting a more conservative history curriculum in U.S. schools.
EXECUTIVE ORDER 9:
REVERSAL OF TRUMP ORDER
Revoked the Trump administration efforts to exclude undocumented immigration from the U.S. census,.
EXECUTIVE ORDER 10:
Strengthen legal protections for “Dreamers” (DACA).
REVERSAL OF TRUMP ORDER
EXECUTIVE ORDER 11:
Abolish the “Muslim ban”
REVERSAL OF TRUMP ORDER
Ended Trump administration’s ban on people from several majority Muslim countries entering the United States.
EXECUTIVE ORDER 12:
Cancel the Trump administration’s interior enforcement rule
REVERSAL OF TRUMP ORDER
Biden revoked a Trump executive order that massively expanded immigration officials’ interior enforcement work and broadened the categories of who they should try to detain and deport.
EXECUTIVE ORDER 13:
Terminated Border Wall construction.
REVERSAL OF TRUMP ORDER
Biden declared an immediate termination of the national emergency declaration that the Trump administration used to divert federal funding to building the U.S.-Mexico border wall, and ordered a pause on its construction.
EXECUTIVE ORDER 14:
REVERSAL OF TRUMP ORDER
Extend deportation protections for Liberians.
EXECUTIVE ORDER 15:
Ban workplace discrimination against LGBT employees.
EXECUTIVE ORDER 16:
Implement an ethics pledge for all executive branch officials
EXECUTIVE ORDER 17:
REVERSAL OF TRUMP ORDER
Biden signed an order that will freeze all Trump administration regulations currently in process, blocking them from taking effect while the new administration reviewed them.
(And that was THE FIRST DAY !(*) Note: rate did not commence its rise until FJ-Biden was in office.