July inflation rate rises to 3.2%. Bidenomics isn't working.

[Cougarbear]

Bidenomics is killing working folks. This is why we have had 30 months straight of people's real wages going down. That means a pay cut each month for 30 months under Biden.

Joe is a disaster of epic proportions.


Inflation rose by an annual rate of 3.2% in July, reflecting the first increase after a year of cooling prices.

The Consumer Price Index, a basket of goods and services typically purchased by consumers, grew at an annual rate just below economists' forecast of 3.3%, according to FactSet. On a monthly basis, inflation rose 0.2%, the Labor Department said Thursday.

The uptick, the first increase in the pace of growth since June 2022, is due partly to higher housing and food costs. Even so, economists said underlying press pressures are easing, and that the economy is showing signs that price increases will continue cooling.

Inflation rose 3.2% in July, marking the first increase after a year of falling prices

Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.

www.cbsnews.com

I don’t see how prices will cool. Gasoline is going up again. So, costs of household goods and even interest rates will continue rising. Biden is a disaster! But he doesn’t care. His cartel family has made $50 million from extortion and bribes from his time as vice-president and even now I’m sure. Criminals can’t stop once they start.

 

[otto105]

I don’t see how prices will cool. Gasoline is going up again. So, costs of household goods and even interest rates will continue rising. Biden is a disaster! But he doesn’t care. His cartel family has made $50 million from extortion and bribes from his time as vice-president and even now I’m sure. Criminals can’t stop once they start.

Hilarious

Does your bagina hurt?

 

[AzogtheDefiler]

Bidenomics is killing working folks. This is why we have had 30 months straight of people's real wages going down. That means a pay cut each month for 30 months under Biden.

Joe is a disaster of epic proportions.


Inflation rose by an annual rate of 3.2% in July, reflecting the first increase after a year of cooling prices.

The Consumer Price Index, a basket of goods and services typically purchased by consumers, grew at an annual rate just below economists' forecast of 3.3%, according to FactSet. On a monthly basis, inflation rose 0.2%, the Labor Department said Thursday.

The uptick, the first increase in the pace of growth since June 2022, is due partly to higher housing and food costs. Even so, economists said underlying press pressures are easing, and that the economy is showing signs that price increases will continue cooling.

Inflation rose 3.2% in July, marking the first increase after a year of falling prices

Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.

www.cbsnews.com

His approval is in the toilet.

 

[AzogtheDefiler]

There are plenty of videos on YouTube of farmers complaining about not having enough competent field hands. Been posted before. If you’re really interested in the subject, you’ll have seen them.

Videos on YouTube…I am sold

 

[justoffal]

His approval is in the toilet.

View attachment 836229

But but.... "THE BANKER"....but but....best economy in history....but but.... Unemployment

 

[otto105]

But but.... "THE BANKER"....but but....best economy in history....but but.... Unemployment

Unemployment has been lower under President Biden

Black unemployment has been and is now lower under President Biden.


More people have been employed (for the past year+) than the highest level under the previous administration.

We have invested in infrastructure under President Biden which the former administration could not do.

 

[justoffal]

Unemployment has been lower under President Biden

Black unemployment has been and is now lower under President Biden.


More people have been employed (for the past year+) than the highest level under the previous administration.

We have invested in infrastructure under President Biden which the former administration could not do.

Unemployment has been lower under President Biden

Black unemployment has been and is now lower under President Biden.


More people have been employed (for the past year+) than the highest level under the previous administration.

We have invested in infrastructure under President Biden which the former administration could not do.

I like the infrastructure investments. However it's time for a money lesson.
Jobs based on government funding are not jobs and once subtracted from actual jobs numbers reveal a huge shortfall in employment percentages. It is a typical case of government smoke and mirrors. Since the money borrowed from foreign sovereigns casts a form of financial anemia over the existing money supply the total prosperity is not enhanced but instead redistributed making each family unit less prosperous. Ergo you have the unprecedented slide into poverty that we are now witnessing in the average per Capita household being disguised as a booming economy which it is not. In addition to that even the newly employed GOVIES ( jobs funded by borrowed money) are being paid with a watered down dollar unit. Soooo no there are not more jobs just more people working for the same total value. That's not ALL BAD ....but it is not a BETTER ECONOMY.

 

[Billiejeens]

Unemployment has been lower under President Biden

Black unemployment has been and is now lower under President Biden.


More people have been employed (for the past year+) than the highest level under the previous administration.

We have invested in infrastructure under President Biden which the former administration could not do.

I get that it's your team.
I do.
If you actually believe any of that, you are a fucking retard.

 

[Flash]

The thing these stupid Moon Bats always ignore is that inflation is cumulative. Once it is on the books it doesn't go away.

Cumulatively Potatohead's inflation is approaching 20% and that is a cruel tax on American families.

Anybody that voted for Potatohead is an idiot.

 

[konradv]

Videos on YouTube…I am sold

Do you think the farmers were lying?

 

[AzogtheDefiler]

Do you think the farmers were lying?

Do you think they speak for all the farmers?

You Libs always deal in absolutes

 

[otto105]

I like the infrastructure investments. However it's time for a money lesson.
Jobs based on government funding are not jobs and once subtracted from actual jobs numbers reveal a huge shortfall in employment percentages. It is a typical case of government smoke and mirrors. Since the money borrowed from foreign sovereigns casts a form of financial anemia over the existing money supply the total prosperity is not enhanced but instead redistributed making each family unit less prosperous. Ergo you have the unprecedented slide into poverty that we are now witnessing in the average per Capita household being disguised as a booming economy which it is not. In addition to that even the newly employed GOVIES ( jobs funded by borrowed money) are being paid with a watered down dollar unit. Soooo no there are not more jobs just more people working for the same total value. That's not ALL BAD ....but it is not a BETTER ECONOMY.

Dude, let’s cut the run in everything.

And excuses

 

[otto105]

I get that it's your team.
I do.
If you actually believe any of that, you are a fucking retard.

Prove me wrong.

Mister team member. Show the data.

 

[konradv]

Do you think they speak for all the farmers?

You Libs always deal in absolutes

It wasn’t just one farmer, it wasn’t just one state and none appeared to be antifa or BLM!

 

[otto105]

The thing these stupid Moon Bats always ignore is that inflation is cumulative. Once it is on the books it doesn't go away.

Cumulatively Potatohead's inflation is approaching 20% and that is a cruel tax on American families.

Anybody that voted for Potatohead is an idiot.

Hilarious that you think that you can change facts.

 

[AzogtheDefiler]

It wasn’t just one farmer, it wasn’t just one state and none appeared to be antifa or BLM!

Which is shocking given your devotion to those two terror groups.

 

[otto105]

Which is shocking given your devotion to those two terror groups.

Sure, terror groups that demand social justice.

Say what was tim mveigh demanding as an actual terrorist.

 

[AzogtheDefiler]

Sure, terror groups that demand social justice.

Say what was tim mveigh demanding as an actual terrorist.

Social Justice = looting and razing innocent businesses and harming the business owners? Justice indeed.

 

[AzogtheDefiler]

Hilarious that you think that you can change facts.

Inflation is 17% since he took office. Facts.

 

[otto105]

Social Justice = looting and razing innocent businesses and harming the business owners? Justice indeed.

Sure sure, did they blow up a building full of people?

Did they want to overthrow an election and hang mike pence?