Inflation gave most Americans a 2.6% wage cut in April

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The typical US worker is worse off today than then they were a year ago due to inflation

https://www.foxbusiness.com/money/inflation-erode-american-wages-april-2022

HYPERLINK has full article

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The Labor Department reported on Wednesday that average hourly earnings for all employees actually declined 2.6% in April from the same month a year ago when factoring in the impact of rising consumer prices.................


"Rising wages are pushing overall inflation higher – and yet workers are still losing ground," said Rucha Vankudre, senior economist at Emsi Burning Glass.

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this is a real issue affecting most Americans. Despite the Democrat party trying to focus on killing babies or Putin's war, the avg folk are hurting and their finances is at the top of their list.

I should also add that if you have a 401k, you've probably seen the value drop considerably. Your nest egg has shrunk, your real wages have shrunk.

Democrat votes caused this. Let us not forget that in coming elections

 

The problem is that price increases are mostly in necessities. Then to add insult to injury, Biden's amateur country runners who are running the presidency let "Big Baby Food" quietly break the supply chain. Was this some kind of a secret? We know how much of product X,Y, and Z we have but not baby food. Is this a great country or what, Joe? Did Big Baby Food run a pricing scam? Did Biden forget every illegal woman he imported was in a hot rush to drop an anchor baby?

 

This is America under democrat leadership.

 

Just be patient. Inflation is "transient".

“...Inflation had risen to the unimaginable figure of just over 100,000 percent by the end of 1947--and it was to go to 2,870,000 percent by the end of 1948...” Jung Chang

 

Yes. Your 401k's have been hammered by 15%, (except got your Disney stocks which have been hammered 45% and at this point may be a buying opportunity if you want some "Groomer" holdings) AND the money you would withdraw has been devalued by 10%. - so, your 401 has lost nearly 25% of it's value.

But, as you aim for turn around, do not settle for MAGA, aim for ULTRA-MAGA!

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How did democrats cause this and what can we do to fix inflation?

 

Put your big boy pants on. Take personal responsibility and quit asking big government to better your situation.

That used to be what cons believed in. Not anymore it seems like.

 

Work To Increase the Supply of Goods and Services.

WHOSE SIDE IS HE ON? Saudi Oil Profits Skyrocket as Biden Admin Cuts US Oil Production.

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"A Saudi Arabian oil giant on Sunday reported an 82 percent increase in net income for the first quarter of 2022 as the Biden administration continues to curb U.S. oil production."

Biden Did That.

"Aramco celebrated a record quarter, earning $39.5 billion."

That could be going to American Workers while keeping our per tank costs reasonable.

"President Joe Biden's Interior Department has kneecapped domestic fuel production, banning large offshore oil and gas leases in Alaska and the Gulf of Mexico. The decisions came as U.S. average gas prices hit all-time highs."

They WANT sky high gas prices for us, they just don't want to pay the political price for their deliberate acts.

"Biden in March reportedly sought an audience with Saudi crown prince Mohammed bin Salman amid the United States' surging gas prices. A U.S. official told the Wall Street Journal the president had been denied a phone call, which would have been "part of turning on the spigot" of Saudi oil. Axios similarly reported Biden had weighed visiting Saudi Arabia to boost oil exports."

He's such an idiot. He attacks and sanctions US energy and then begs for Saudi energy? He hates us.

"During his 2020 campaign, Biden pledged to "end subsidies" and make the Gulf nation a "pariah" for killing former Washington Post journalist Jamal Khashoggi. "Khashoggi was, in fact, murdered and dismembered, and I believe on the order of the crown prince," Biden said during a 2019 Democratic primary debate in Atlanta. "And I would make it very clear we were not going to, in fact, sell more weapons to them, we were going to, in fact, make them pay the price and make them, in fact, the pariah that they are."

 

But we will hear about


the leases
the leases

but never hear how there might not be oil/gas on those lands. There is make ready work that needs to be done and a slow permit process that is used to delay drilling

again, Democrat voters are spoon fed by the media and of course the DNC, only what they want to hear. I wonder if Democrat voters were ever told the entire truth by NPR and ABC etc, would they still vote Democrat?

 

Surely you jest. I was told by the fine economic scientist on these boards that inflation is a sign if a great economy.

 

I'm factoring it in to my salary request with a new position. Thanks Joe!

 

What is the main driver of inflation ?

 

That's easy, democrat spending.

 

hahahhahahahaha, now its the anchor babys ? That took longer than I expected ?

 

WOW, your e-con degree is from where again ?

GAS...GAS...GAS.......

 

what did we think would happen?

Trump was on the verge of a recession in 2019... BEFORE COVID

the fed doesn't do this during a great economy... that the economy was great pre-covid is one of the biggest lies the Republicans ever told.


"Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes" Oct 2019

https://wallstreetonparade.com/2019...ilout-to-690-billion-a-week-as-media-snoozes/

and

"The Federal Reserve Has Already Pumped $9-Trillion into Wall Street in the Past Six Months, and Now Is Offering Banks Another $1.5-Trillion" March 2020

https://needtoknow.news/2020/03/the...d-now-is-offering-banks-another-1-5-trillion/

 

after a failed Republican President...... like 2008 all over, see a trend

why does the economy always suffer after a Republican President?

 

Just a B.S. in Business with a minor in econ. Try some Gas-Ex for the Gas problem. Inflation in the most basic since is adding currency with out adding value

 

Really suffers under both democrats and republicans over the last 25 years. Both sides just get quiet when it's their vote choice spending all the money.

 

In this case, to much stim money pumped in to the economy, at least that's what ByDummy claims

Biden concedes his COVID stimulus checks fueled spike in inflation

 

They will never be told the truth by them, so we'll never know.

Walmart Tumbles After Missing Earnings, Slashing Guidance On Soaring Inflation

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“US inflation levels, particularly in food and fuel, created more pressure on margin mix and operating costs than we expected,”

Too much inflation.

 

Why so derogatory? You're the one asking the questions?

 

So cost-push has had no effect on the economy ?

Odd that we literally have historical proof of this from the '74 oil embargo

 

So Government breaks it, but don't ask government to fix what they broke.

Sounds like a plan!

 

The anchor baby is their insurance against deportation. Everyone knows that.