Economic News is good to better

[BluesLegend]

Gasoline today. $3.99/gallon

Where?? I paid nearly $5 a gallon for Biden gas this week the price has jacked back up.

 

[Concerned American]

Where?? I paid nearly $5 a gallon for Biden gas this week the price has jacked back up.

NE WA. In N. ID, 50 miles away--red state, same gas is $3.52. Slow donkey is unabashed LIAR. I am not sure if he is a shameless gaslighter or if I am giving him too much credit and he is just STUPID.

 

[TheGreatSatan]

When you have to hard sell the lies it's a sure sign of gaslighting.

"Don't believe your lying eyes, or your empty bank account, or your 3-part time jobs after you lost your full-time employment to an illegal alien rapist.... we've got some stats to prove - YOU'RE NOT AS MISERABLE AS YOU THINK YOU ARE."

Yeah, no. The stuttering shit clown's approval rating continues to tank for a reason.... it's the economy, stupid.

View attachment 920140

All WEF/Democrats have left is gaslighting.

Democrats can't tell you what a woman is and spent the last 3 years telling us how secure the border is.

Democrats will piss in Americans faces and tell them it's raining. They are pure evil.

Resistance to democrats is obedience to God. Align with them and they will lead you straight to Hell.

Democrats = WEF

 

[iku]

Yeah, yeah, yeah. Argue with Walmart. BTW, USDA sets size grading for eggs. Large here is large where you're at.

Eggs in Dairy & Eggs - Walmart.com

Shop for Eggs in Dairy & Eggs. Buy products such as Great Value Large White Eggs, 18 Count, Great Value Large White Eggs, 12 Count at Walmart and save.

www.walmart.com

Don't care about the physical size, the contents are lower. Fact. I have cracked a lot of eggs in my lifetime.
You got to crack a few more to make an omelet. They are feeding the chickens ground up insects now.
Really screws it up. Thanks anyways. Check out my post in Rubber Room as well.

 

[BluesLegend]

BTW, USDA sets size grading for eggs.

We need to borrow money to pay government hacks to grade the size of eggs? That wasn't needed the prior 5,000 years.

 

[TheGreatSatan]

NE WA. In N. ID, 50 miles away--red state, same gas is $3.52. Slow donkey is unabashed LIAR.

When the oil reserves run dry, be ready for a sudden spike to 10+ a gallon.

 

[Nostra]

Gas is about 50% higher today than when Tater took office.

 

[Natural Citizen]

Gee, a rosey forecast in a election season.....Who would have guessed?

The OP acts like it's never been done before. Nobody is being fooled, at least nobody that has to use their own money to purchase their everyday needs.

70s stagflation is all they're going to accomplish. And they know it fully well.

But...as you correctly stated, this is what they do in an election year. The Fed historicallty runs interference for the incumbent administration.

 

[Concerned American]

Gas is about 50% higher today than when Tater took office.

Here it is closer to 75%, $3.99 vs. $2.25.

 

[Nostra]

Here it is closer to 75%, $3.99 vs. $2.25.

I'm using the national avg.

 

[Natural Citizen]

It never ceases to amaze me just how very little the loudest among us actually understand with regard to economics and monetary policy.

All you can really do is chuckle at the shit stirring. Because that's really all it is.

 

[MisterBeale]

MAGAterdia is crying.

Just because the lower classes, now need more than one minimum wage job, to cover the cost of food, rent, gas, internet, and energy?

THAT? Really is NOT a sign of doing a good job of handling of the economy. The only folks that it is good for, are the people that run the institutional investment vehicles, the big banks, and wall street. If you have lots and lots of investments . . sure, you are doing great. But there are for less multimillionaires, than folks in poverty. So mock those who are, "crying," at yoar peril.

Unfortunately for you? Their votes, count exactly as much as the wage slaves Biden and his toadies are screwing over.


Biden shills. . . "We have a great economy, no matter what your budget and circumstance are. . . we know what reality is, YOU DON'T!"

". . . so you need to vote for our guy!!!!"

The economy is a trouble spot for Biden despite strong signs. Here's why​

https://www.npr.org/2023/12/09/1218291541/biden-economy-inflation-jobs

December 9, 20235:00 AM ET

<snip>

". . . The fact is inflation is one of those things people can see — they see it on massive signs at gas stations and on their grocery bills. Overall inflation after the pandemic began to rise and hit a high of 9.1% in June of last year. But food inflation was an even higher 11.4% last summer.

That meant that things like steak, bacon, eggs, cheese, potato chips, coffee, ice cream and cookies were more expensive. All are household items and noticeable every time someone checks out at the store.

Overall inflation and food inflation have both come down significantly since the start of the year, from 6.4% overall to 3.2% in October and from 10.1% to 3.3% for food.

There's been an especially sharp decline in food inflation since the summer, but that hasn't necessarily meant prices have come down much, if at all, and Biden isn't seeing any political benefit — 67% disapproved of Biden's handling of the economy in the latest Gallup survey, which is similar to other recent polls' findings.

Housing costs in many parts of the country remain high, and one of the reasons for inflation coming down is because the Federal Reserve hiked interest rates substantially, making the ability to afford a home significantly more difficult.

The economy, but more specifically how much stuff costs, is always going to be top of mind for voters. And there's no easy solution politically. . . . "

 

[mikegriffith1]

Gas is about 50% higher today than when Tater took office.

Here it is closer to 75%, $3.99 vs. $2.25.

And do you know what the price of gas was in 1986, four years into Reagan's presidency, adjusted for inflation? $4.20 per gallon.

Conservatives complain about Democrats refusing to give Republican presidents any credit, but many of us are guilty of the same thing when it comes to giving Democratic presidents credit.

 

[Man With A Plan]

The MAGAterds have been lying constantly since the economy began improving in early 2022.

The Fed Reserve report today was good. The 3.9% unemployment rate is projected to end 2024 at 4%, a bit lower than the December forecast. There will be three interest cuts beginning in June, then July, then September.

UE at 3.9% remains good info although average yearly wage gains have declined to 4.3% from 5.9% since March 2022. The Fed wants pay increases to come down to 3.5% to align with its 2% inflation target.

That will fry the terd biscuits. MSN

​

Never took Economics...did you, John? Do you know what the Fed is signalling when it cuts interest rates? I'll give you a hint...it isn't that the economy is improving! The Fed lowers interest rates when it feels the economy is slowing.

The problem they face is that inflation is not at the rate they've targeted and the last report had it going up again. Interest rate cuts are inflationary. So if Powell cuts interest rates to goose Biden's weak economy then there is a very good chance we'll see yet another spike in inflation...which means more money out of the pockets of average Americans.

Slow Joe is caught between a rock and a hard place. The rock is inflation...the hard place is a stagnant economy...and the dumbest administration in our country's history has to figure this out before November! Good luck...you're gonna need it!

 

[Toddsterpatriot]

You know the inflation rate is based on more than gas and eggs. Right?

Rent?

 

[Man With A Plan]

Rent?

Marener's not that bright (kind of a theme from the left in this string!) because neither food nor gas are included when they figure inflation.

 

[John Edgar Slow Horses]

Yet we can smell the fear. Why is that? Reports like this one are not to be trusted.

Of course they are. You are smelling MAGAfear.

 

[John Edgar Slow Horses]

The MAGAterd fear is everywhere.

 

[Crepitus]

Should be a slam dunk re-election for Biden then. I wonder why his approval ratings are so low, it confused me tbh.

Because the republican propaganda machine is running non-stop feeding the public lies.

Come on Mang, this ain't rocket science here.

 

[Toddsterpatriot]

Because the republican propaganda machine is running non-stop feeding the public lies.

Come on Mang, this ain't rocket science here.

Rent and food costs haven't soared......ignore your pocketbook, it's all lies!!!