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
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?
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.
gorgehiker wrote:
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?
According to Forbes, greedflation is a major cont... (
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Like Nixon? I hope we've learned from that recession era experience.
Triple G wrote:
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.
I don't sugar coat anything as you well know. I'd... (
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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%.
FrumCA wrote:
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%.
Sticking to the topic of inflation and wages, you ... (
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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!
FrumCA wrote:
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%.
Sticking to the topic of inflation and wages, you ... (
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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-growthhttps://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/https://www.bls.gov/web/empsit/ceshighlights.pdfThe 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.
McKinneyMike wrote:
That was a SOTU that will be recalled for years to come. Biden smacked down and silenced the Right and called them to join the American Dream. He made Trump look like the idiot that he always has been with aplomb!
Hell even Mike Johnson was nodding along with Biden's points and accomplishments!!! Seeing James Lankford mouthing his approval and nodding was particularly pleasing..... And Biden made Moldy Margerie look like the clown she was dressed like last night. Was she drunk? OMG she made her constituents look like the most ignorant people on Earth for electing a slob like her to the House to represent them! That must suck to wake up to realize what she made them look like this morning!
It's time to send Dystopian Donald to the clink and let's get on with Making America Great the right way! Joe stomped a mudhole and walked it dry last evening!!! God Bless America Baby!!!!
That was a SOTU that will be recalled for years to... (
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All I could think of was how many times he shit and pissed his pants in the duration of the speech.
Triple G wrote:
Kicking ass and taking names.
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!
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.
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!
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?
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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