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U.S. inflation reached a new four-decade high of 8.6% in May
51–60 of 99 posts
Re: U.S. inflation reached a new four-decade high of 8.6% in May
#52Earlier quoted context omitted.
This is the new baseline, you won't see inflation lower than this long-term until the system completely collapses under its own weight. The only thing keeping things running is cheap money and there will need to be more of it. Any "solution" that looks like austerity will result in destabilizing unrest. In the USA, Republicans will campaign on inflation but make money as cheap as ever as soon as they have control, be…
Deflation being much much worse is a nice joke. You telling me that if gas and food and rent lowered in price over time, I will be worse off? Stuff are supposed to become cheaper as technology advances yet we only either get high or low price increases, all to fund the rich in the government.
'Stuff' should be plural, I agree
Re: U.S. inflation reached a new four-decade high of 8.6% in May
#53This administration is a failure.
Perhaps it is. This doesn't show it, though. We have inflation from (at least) one of two causes. First, all the money created to keep the economy from falling apart during the Covid semi-shutdown. Well, who did that? Biden? Yes, and also Trump. I literally got checks in the mail with Trump's signature on them. So blaming this on Biden seems rather unfair. The other reason for inflation is the economic blockade of Ru…
The economy should have failed during the 2020 crisis. That's the point. Government intervention not only prolongs the pain but inevitability increases it as it tries to save.
Re: U.S. inflation reached a new four-decade high of 8.6% in May
#54All-time high for U.S. inflation All-time high for gas prices ($6/gal in Seattle!) All-time high for food prices Needless to say, elections in November are going to be VERY interesting.
Why? If Republicans control congress what will be different? Is the US going to be the only country in the world to get inflation under control? Is the GOP that good? What are their solutions (serious question)? Because all I here is "CRT bad" and "don't say gay". I never hear anything proposed to solve any of this.
Guessing you get all your GOP news from democrat news sources.
Listen to Ben Shapiro or other view points for awhile to a better perspective. He has been screaming about inflation for awhile now. Really go out on on a limb and read up on Thomas Sowell.
Re: U.S. inflation reached a new four-decade high of 8.6% in May
#55Earlier quoted context omitted.
Why? If Republicans control congress what will be different? Is the US going to be the only country in the world to get inflation under control? Is the GOP that good? What are their solutions (serious question)? Because all I here is "CRT bad" and "don't say gay". I never hear anything proposed to solve any of this.
> If Republicans control congress what will be different? Um, well, a lot will be different, but nothing with regards to gas prices or inflation. And this is coming from somebody with a passionate bordering on maniacal hate for democrats.
High gas prices is a "GOAL" of Democrats. They see it as a way to get US off fossil fuel.
Re: U.S. inflation reached a new four-decade high of 8.6% in May
#56Earlier quoted context omitted.
Why? If Republicans control congress what will be different? Is the US going to be the only country in the world to get inflation under control? Is the GOP that good? What are their solutions (serious question)? Because all I here is "CRT bad" and "don't say gay". I never hear anything proposed to solve any of this.
> If Republicans control congress what will be different? Um, well, a lot will be different, but nothing with regards to gas prices or inflation. And this is coming from somebody with a passionate bordering on maniacal hate for democrats.
Why hatred? I am pretty far right, but I don't hate someone who is far left or moderate or whatever. They just have different opinions than I do. Don't let news media twist your soul in their quest for more clicks.
Re: U.S. inflation reached a new four-decade high of 8.6% in May
#57All-time high for U.S. inflation All-time high for gas prices ($6/gal in Seattle!) All-time high for food prices Needless to say, elections in November are going to be VERY interesting.
Why? If Republicans control congress what will be different? Is the US going to be the only country in the world to get inflation under control? Is the GOP that good? What are their solutions (serious question)? Because all I here is "CRT bad" and "don't say gay". I never hear anything proposed to solve any of this.
Cheap (fossil fuel) energy.
Re: U.S. inflation reached a new four-decade high of 8.6% in May
#58All-time high for U.S. inflation All-time high for gas prices ($6/gal in Seattle!) All-time high for food prices Needless to say, elections in November are going to be VERY interesting.
Why? If Republicans control congress what will be different? Is the US going to be the only country in the world to get inflation under control? Is the GOP that good? What are their solutions (serious question)? Because all I here is "CRT bad" and "don't say gay". I never hear anything proposed to solve any of this.
> If Republicans control congress what will be different?
I don't know, but anything is better than what we're looking at now, so I'm excited about all the protest votes we're going to see. Biden's disapproval rating is about 56% [1], near or worse Trumps was around the same time. That's when Democrats got the majority in the House and Senate, from protest votes against Trump. Since Democrats and the "Biden-Harris administration" are NOT handling control of congress very well, or anything at that matter, the pendulum will swing the other way, as it always has throughout American political history.
[1]: https://projects.fivethirtyeight.com/biden-approval-rating/
Let's elect fiscal conservatives into power. Remember when the Ukraine aid bill was $30B, and then Democrats raised it to $40B? Rand Paul questioned the purpose of this spending, and MSNBC smeared him as a Russia sympathizer. Republicans tend to sometimes care about getting spending under control. But with the state of the economy being directly impacted by inflation, I have more confidence in Republicans to take on this challenge.
Re: U.S. inflation reached a new four-decade high of 8.6% in May
#59Earlier quoted context omitted.
> If Republicans control congress what will be different? Um, well, a lot will be different, but nothing with regards to gas prices or inflation. And this is coming from somebody with a passionate bordering on maniacal hate for democrats.
High gas prices is a "GOAL" of Democrats. They see it as a way to get US off fossil fuel.
It's like they are cheering us on to buy Teslas with money we don't have.
Re: U.S. inflation reached a new four-decade high of 8.6% in May
#60Earlier quoted context omitted.
This is the new baseline, you won't see inflation lower than this long-term until the system completely collapses under its own weight. The only thing keeping things running is cheap money and there will need to be more of it. Any "solution" that looks like austerity will result in destabilizing unrest. In the USA, Republicans will campaign on inflation but make money as cheap as ever as soon as they have control, be…
Deflation being much much worse is a nice joke. You telling me that if gas and food and rent lowered in price over time, I will be worse off? Stuff are supposed to become cheaper as technology advances yet we only either get high or low price increases, all to fund the rich in the government.
>> You telling me that if gas and food and rent lowered in price over time, I will be worse off?
If you have debt, you will be worse off. Wages get lowered over time, too. Imagine your salary gets cut year after year but your mortgage, car payment, and student loan payment all stay the same. That's deflation.
In the same way that unexpected inflation is good for borrowers (since they get to pay back a loan with cheaper money) unexpected deflation is bad for borrowers (since they have to pay back a loan with more expensive money).