Joe Biden left a mark on the Extreme Right last night!
Mar 10, 2024 08:47:45 #
Triple G wrote:
I'm not unsympathetic, but I was that young person looking at wage and price freezes and 11% mortgage rate back in the 1970's. The US saw it's way through that and will through this too.
but you keep bragging on hour hero Joe & telling those same kids how rosy it is now...what a crock
Mar 10, 2024 09:19:07 #
gorgehiker
Loc: Lexington, Ky
According to Forbes, greedflation is a major contributor to the higher prices we are paying:
"Corporate profits drove 53% of inflation during the second and third quarters of 2023 and more than one-third since the start of the pandemic, the report found, analyzing Commerce Department data. That’s a massive jump from the four decades prior to the pandemic, when profits drove just 11% of price growth.'
Why is all of the anger directed at Joe Biden when corporate greed is responsible for so much of the inflation we are experiencing? Why does the GOP love and protect corporate America? Corporations will continue to price gouge and drive up profits as long as we are willing and able to overpay for their goods and services. That is capitalism and the free market. What do you want Biden to do? Should he enact price controls on your bread?
"Corporate profits drove 53% of inflation during the second and third quarters of 2023 and more than one-third since the start of the pandemic, the report found, analyzing Commerce Department data. That’s a massive jump from the four decades prior to the pandemic, when profits drove just 11% of price growth.'
Why is all of the anger directed at Joe Biden when corporate greed is responsible for so much of the inflation we are experiencing? Why does the GOP love and protect corporate America? Corporations will continue to price gouge and drive up profits as long as we are willing and able to overpay for their goods and services. That is capitalism and the free market. What do you want Biden to do? Should he enact price controls on your bread?
Mar 10, 2024 09:22:26 #
wilpharm wrote:
but you keep bragging on hour hero Joe & telling those same kids how rosy it is now...what a crock
I don't sugar coat anything as you well know. I'd be telling the young kids that there is a light and hope (I'd tell seniors the same thing) and show them facts & reality (see my new topic about the decreasing misery index) so that they're not buffeted around by all the negative Nelly sky is falling types. If I'm bragging on anyone, it's the Fed and Biden's administration. I hate to think what morons/traitors like Meadows, Kushner, Trump, Clark, et al a Trump administration would have.
Why are you such a biased partisan that you can't acknowledge and cheer on the progress from over 9% inflation to 3% in a better than predicted period of time plus a humming job market? Give the Fed credit for avoiding a recession.
Mar 10, 2024 09:23:55 #
gorgehiker wrote:
According to Forbes, greedflation is a major cont... (show quote)
Like Nixon? I hope we've learned from that recession era experience.
Mar 10, 2024 10:28:00 #
wilpharm wrote:
but you keep bragging on hour hero Joe & telling those same kids how rosy it is now...what a crock
Calling Biden a crook, when we have all have seen what Trump has done to himself in only 4 years, is like the late Sam Kinison describing the real fix for famine across the world:
Don't blame us for your guy fighting for life in the courts, find a guy that doesn't break the LAW!!!
https://www.google.com/search?q=sam+kinison+talking+about+world+hunger&rlz=1CAMFAZ_enUS1094&oq=Sam+Kennison+talking+about+hunger&gs_lcrp=EgZjaHJvbWUqCAgBEAAYFhgeMgYIABBFGDkyCAgBEAAYFhgeMg0IAhAAGIYDGIAEGIoFMg0IAxAAGIYDGIAEGIoF0gEKMTYzODFqMGoxNagCALACAA&sourceid=chrome&ie=UTF-8#fpstate=ive&vld=cid:739a78bd,vid:M0LUdqFJEPI,st:0
Mar 10, 2024 10:35:04 #
Triple G wrote:
I don't sugar coat anything as you well know. I'd... (show quote)
Sticking to the topic of inflation and wages, you might want to consider the facts. Since Biden took office -
- The annual inflation rate for the United States was 3.1% for the 12 months ending January, compared to the previous rate of 3.4%, according to U.S. Labor Department data published on Feb. 13, 2024. The next inflation update is scheduled for release on March 12 at 8:30 a.m. ET, providing information on the inflation rate for the 12 months ending February 2024. Look at the chart(s) to compare Biden to Trump - https://www.usinflationcalculator.com/inflation/current-inflation-rates/
- Inflation spiked to the highest level in over 40 years. Despite recent moderation, consumer prices are up nearly 18% overall during Biden’s time. Gasoline is up 29%.
- Average weekly earnings haven’t kept pace with prices. After adjusting for inflation, “real” weekly earnings declined 3.4%.
Mar 10, 2024 10:52:15 #
FrumCA wrote:
Sticking to the topic of inflation and wages, you ... (show quote)
Look at corporate profits soaring by 53% since the start of the pandemic. Any thoughts on how these profits got so high? Price increases over and above what was required to maintain operations resulting in this windfall.
Blame Biden all you want, but the cost of goods to consumers have been artificially inflated to produce this astronomical spike in profits and is reflected in the inflation numbers!
Mar 10, 2024 10:56:22 #
McKinneyMike wrote:
Look at corporate profits soaring by 53% since the start of the pandemic. Any thoughts on how these profits got so high? Price increases over and above what was required to maintain operations resulting in this windfall.
Blame Biden all you want, but the cost of goods to consumers have been artificially inflated to produce this astronomical spike in profits and is reflected in the inflation numbers!
Blame Biden all you want, but the cost of goods to consumers have been artificially inflated to produce this astronomical spike in profits and is reflected in the inflation numbers!
Mar 10, 2024 11:09:27 #
FrumCA wrote:
Sticking to the topic of inflation and wages, you ... (show quote)
Your figures aren't current - my argument is that things are on a great recovery track and that's due to Biden admin. and the Fed. The comment Biden made in SOFU was correct as fact-checkec; he now needs to be sure Americans keep getting good wage increase reports; falling inflation numbers and sustainable jobs numbers.
https://tradingeconomics.com/united-states/wage-growth
https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/
https://www.bls.gov/web/empsit/ceshighlights.pdf
The only bad news in these posts is that it didn't happen quickly enough for some. Maybe if the Fed had been more or less aggressive, we'd be in a recession now. I'm happy we're not despite the gloom and doom of MAGA abd I give credit where credit is due.
Mar 10, 2024 11:11:48 #
Truth Seeker
Loc: High Mountains of the Western US
McKinneyMike wrote:
That was a SOTU that will be recalled for years to... (show quote)
All I could think of was how many times he shit and pissed his pants in the duration of the speech.
Mar 10, 2024 11:15:29 #
Truth Seeker
Loc: High Mountains of the Western US
Triple G wrote:
Kicking ass and taking names.
vs
The MAGA as represented so well by MTG.
vs
The MAGA as represented so well by MTG.
No that was the democrat women all dressed in white. BTW, people tend to follow good leadership. Thats why Biden has the lowest approval rating in history. MTG ROCKS!
Mar 10, 2024 11:16:35 #
Truth Seeker wrote:
All I could think of was how many times he shit and pissed his pants in the duration of the speech.
Maybe Truth Stinker should have been there for the sniff test.
Mar 10, 2024 11:17:43 #
wilpharm wrote:
what a load of shit..His handlers had him more juiced up than a race horse..
Prove it. MagaNut
Mar 10, 2024 11:20:30 #
McKinneyMike wrote:
Look at corporate profits soaring by 53% since the start of the pandemic. Any thoughts on how these profits got so high? Price increases over and above what was required to maintain operations resulting in this windfall.
Blame Biden all you want, but the cost of goods to consumers have been artificially inflated to produce this astronomical spike in profits and is reflected in the inflation numbers!
Blame Biden all you want, but the cost of goods to consumers have been artificially inflated to produce this astronomical spike in profits and is reflected in the inflation numbers!
Effate confirmed as much with stating how well Dave's bread is doing. Consumer demand is keeping inflation up even with premium brands. They are okay with their 55% increase in net income. They're not making the connection to why prices aren't coming down as fast as they went up (they never do). We can champion capitalism (I sure do), but we have to acknowledge it's greed element.
Consumer preferences and behaviors seem very inelastic. Higher prices usually mean less demand for premium goods, but that's not happening to the degree anticipated.
If you're a dividend stock investor, check out FLowers Foods. It's on a tear and will be a buy if the stock splits.
I'm searching for the overall General Mills employee pay increase for this time period. Anyone know?
Mar 10, 2024 11:42:59 #
Truth Seeker wrote:
No that was the democrat women all dressed in white. BTW, people tend to follow good leadership. Thats why Biden has the lowest approval rating in history. MTG ROCKS!
Approval rating for Biden is increasing. MTG's is decreasing. She, Santos, Boebert will be small footnotes of MAGA crazies in the history books.
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