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Inflation gave most Americans a 2.6% wage cut in April

Discussion in 'Current Events' started by sec, May 12, 2022.

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  1. grapeape

    grapeape Well-Known Member Past Donor

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    Make up whatever helps you sleep at night
     
    grapeape, May 17, 2022
    #26
  2. 19Crib

    19Crib Well-Known Member Past Donor

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    The reasons are at your fingertips. I’ll give you the remedies.
    We have to raise interest rates to slow the economy*. Not good with an election coming up, so they will ignore inflation until after the mid terms.
    Then given Biden’s track record of screwing things up, he will dump us into stagflation**. We might be able to come out approaching the presidential race in ‘24 because first and foremost, the swamp*** wants to survive.

    *takes money out of the economy.
    **inflation during a recession.
    ***elected officials and their staffs****
    ****The staff does the real work by preparing summaries, etc.

    I do toss and turn worrying about the votes of low information voters going “Eneey, meaney, miney, mo…”
     
    Last edited: May 17, 2022
    19Crib, May 17, 2022
    #27
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  3. Moolk

    Moolk Banned

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    It benefitted under Trump

    Suffered under brandon
     
    Moolk, May 17, 2022
    #28
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  4. Stuart Wolfe

    Stuart Wolfe Well-Known Member Past Donor

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    I don't see that as the opinion of the OP. It reads more like someone who doesn't like what Big Government/Biden has done TO the economy.

    I mean, I can quote you saying your 401k and stocks were killing it, so all the other Biden stuff, so what? Well, now what do you have when you don't even have that?
     
    Stuart Wolfe, May 17, 2022
    #29
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  5. FreshAir

    FreshAir Well-Known Member Past Donor

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    no it did not, 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.

    the FED was pumping trillions into the economy to keep it afloat under Trump


    "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/
     
    Last edited: May 17, 2022
    FreshAir, May 17, 2022
    #30
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  6. Moolk

    Moolk Banned

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    It absolutely did lol. Our economy under Trump was one of the best we have had in our lifetime and that was while spending less than Obama did during his first 3 years, and creating an inverse trend between lfpr and unemployment. Then Brandon takes over and we enter an actual recession.
     
    Moolk, May 17, 2022
    #31
  7. Phyxius

    Phyxius Well-Known Member

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    Bullshit

    248291-29919.png
     
    Phyxius, May 17, 2022
    #32
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  8. FreshAir

    FreshAir Well-Known Member Past Donor

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    yes, only due to the FED dumping trillions into the economy to keep it afloat pre-covid, but now we see the effect of that.... inflation

    Obama had to clean up after Bush
    Biden has to clean up after Trump
     
    Last edited: May 17, 2022
    FreshAir, May 17, 2022
    #33
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  9. Moolk

    Moolk Banned

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    False, he spent less than Obama during his first 3 years and did better.
     
    Moolk, May 17, 2022
    #34
  10. FreshAir

    FreshAir Well-Known Member Past Donor

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    Trump raised the debt almost as much in 4 years as Obama did in 8

    "Trump’s most enduring legacy could be the historic rise in the national debt"

    https://www.washingtonpost.com/business/2021/01/14/trump-legacy-national-debt-increasee/

    "It rose almost $7.8 trillion during his time in the White House — approaching World War II levels, relative to the size of the economy. This time around, it will be much harder to dig ourselves out."
     
    Last edited: May 17, 2022
    FreshAir, May 17, 2022
    #35
  11. nopartisanbull

    nopartisanbull Well-Known Member

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    Wait a minute.....

    After Congress unanimously voted for a $600 stimulus check, who, who, who stirred the pot/staunchly demanded an additional $400 billion/$2,000 for all?

    Also, back then, (Dec 2020), I don’t remember you opposing Trump’s request.
     
    nopartisanbull, May 17, 2022
    #36
  12. Steve N

    Steve N Well-Known Member Past Donor

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    Steve N, May 17, 2022
    #37
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  13. Moolk

    Moolk Banned

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    Trump spent less than Obama for his first 3 years and had a better economy. Reversed pathetic trends that Obama had, and truly did so much more while spending less. People remember that now more than ever under dem leadership that has driven us directly to a recession and closer to WW3 than we have ever been.
     
    Moolk, May 17, 2022
    #38
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  14. FreshAir

    FreshAir Well-Known Member Past Donor

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    you don't count 3 years, Trump was President for 4 years

    if we are not gonna count Trump spending under Covid, then I guess Biden is still at zero spending
     
    Last edited: May 18, 2022
    FreshAir, May 18, 2022
    #39
  15. ButterBalls

    ButterBalls Well-Known Member

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    I have always from the get go condemned the stim money, lockdowns, masks and vaccine.. Clearly you don't know my position..
     
    ButterBalls, May 18, 2022
    #40
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  16. nopartisanbull

    nopartisanbull Well-Known Member

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    I know all the numbers, and the fairest comparisons, and you are wrong.
     
    nopartisanbull, May 18, 2022
    #41
  17. nopartisanbull

    nopartisanbull Well-Known Member

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    There’s no doubt that Biden’s $1.9 rescue plan over-stimulated the economy, and according to my calculations, the transfer payments have boosted our YoY inflation rate by approx. 2%.

    However, let’s be fair; Inflation caused by Ukraine and Corporate profiteering.......not Biden’s fault.
     
    Last edited: May 18, 2022
    nopartisanbull, May 18, 2022
    #42
  18. sec

    sec Well-Known Member

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    Gasoline was already up by over 33% per gallon one year after full Democrat control began. That was prior to Putin.....................spare us
     
    sec, May 18, 2022
    #43
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  19. Moolk

    Moolk Banned

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    False, I am objectively correct
     
    Moolk, May 18, 2022
    #44
  20. Moolk

    Moolk Banned

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    You absolutely do deeper analysis than just 4 years, history will always do so.
     
    Moolk, May 18, 2022
    #45
  21. FreshAir

    FreshAir Well-Known Member Past Donor

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    yes, the Trump years will be infamous in our history books
     
    FreshAir, May 18, 2022
    #46
  22. Moolk

    Moolk Banned

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    Incorrect, he will be remember very well. Especially considering the train wreck brandon has been.
     
    Moolk, May 19, 2022
    #47
  23. FreshAir

    FreshAir Well-Known Member Past Donor

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    lol, keep believing that
     
    FreshAir, May 19, 2022
    #48
  24. Moolk

    Moolk Banned

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    I will, because its true. Especially now where we can look at America under brandon.
     
    Moolk, May 19, 2022
    #49
  25. FreshAir

    FreshAir Well-Known Member Past Donor

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    Trump was the biggest joke of a President this Country has ever had.... Sad!
     
    FreshAir, May 19, 2022
    #50
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