So much for the 'Temporary' Inflation Spin

[Moonglow]

hahaha yeah the vaccine is gong to end xiden inflation! haha

It didn't end the Trump inflation why should it with Biden's?

 

[my2¢]

I can only relate to the OP's concept of 'temporary' by considering a child's thinking of how far off Chirstmas is when we're a week into December.

 

[Moonglow]

WASHINGTON – President Joe Biden said Wednesday his administration is taking steps to crack down on illegal activity that might be contributing to a rise in gas prices.

Biden announced that the National Economic Council has asked the Federal Trade Commission to use “every available tool” to monitor the U.S. gasoline market and look for any illegal activity that might be causing gas prices to jump while the cost of a barrel of oil is going down.

“That’s not what you’d expect in a competitive market,” Biden said from the White House. "I want to make sure that nothing stands in the way of oil price declines leading to lower prices for consumers."

The administration's actions come as gas prices have jumped more than energy prices over the past year. The price of gas has jumped 42%, while energy has risen 24%, according to the Labor Department. The average gas price in January was $2.326, almost a dollar less than what the average gas price was last month.

Biden urges investigation into 'illegal activity' that may be causing spike in gas prices

Biden announced that the National Economic Council has asked the Federal Trade Commission to use “every available tool” to monitor the U.S. gasoline market.

www.yahoo.com

 

[struth]

It didn't end the Trump inflation why should it with Biden's?

hahaha trump inflation that’s epic deflection

 

[BluesLegend]

It will be a crisis until Republicans get there damned shots. Great job!, Based on total missininformation.

Biden himself is now sounding the alarm on energy prices, so much for your attempts to blame Republicans.

 

[francoHFW]

hahaha yeah the vaccine is gong to end xiden inflation! haha

Prices are 5.4% higher than last year. Almost all gasoline.

 

[francoHFW]

Biden himself is now sounding the alarm on energy prices, so much for your attempts to blame Republicans.

If everyone got vaccinated this would be over. End of story. The misinformation comes from the GOP propaganda machine as it does on every subject. A disgrace. We should be making enough vacine for everyone in the world or we're going to end up with some fatal variants.

 

[BluesLegend]

If everyone got vaccinated this would be over. End of story. The misinformation comes from the GOP propaganda machine as it does on every subject. A disgrace. We should be making enough vacine for everyone in the world or we're going to end up with some fatal variants.

Biden called, asked you to stay off his side.

 

[Missouri_Mike]

They don't think about that.

Nor do they understand what has caused this inflationary period.

Apparently you’re too fucking dumb to remember the democrats pushed more spending under Trump. And are now still doing it.

 

[struth]

Prices are 5.4% higher than last year. Almost all gasoline.

yep thanks xiden

 

[Missouri_Mike]

If everyone got vaccinated this would be over. End of story. The misinformation comes from the GOP propaganda machine as it does on every subject. A disgrace. We should be making enough vacine for everyone in the world or we're going to end up with some fatal variants.

China creates a virus we helped pay for and turns it loose on the world and now WE have to pay for vaccines for everyone on the planet? Go fuck yourself.

 

[Faun]

Neither Obama nor Trump have anything to do with Biden's influence on inflation.

LOLOLOLOL

Dumbfuck, inflation is calculated by comparing prices today with prices a year ago. Was Biden president a year ago??

 

[Faun]

yep…the xiden/harris and dem inflation is here to stay so long as they have the power

last time xiden was in the white house and the dems had congress they gave us double digit UE…guess they had to top that

Uh, no, it's only here until prices level off to where they were earlier this year as vaccines began rolling out in mass and the country reopened completely.

 

[Missouri_Mike]

WASHINGTON – President Joe Biden said Wednesday his administration is taking steps to crack down on illegal activity that might be contributing to a rise in gas prices.

Biden announced that the National Economic Council has asked the Federal Trade Commission to use “every available tool” to monitor the U.S. gasoline market and look for any illegal activity that might be causing gas prices to jump while the cost of a barrel of oil is going down.

“That’s not what you’d expect in a competitive market,” Biden said from the White House. "I want to make sure that nothing stands in the way of oil price declines leading to lower prices for consumers."

The administration's actions come as gas prices have jumped more than energy prices over the past year. The price of gas has jumped 42%, while energy has risen 24%, according to the Labor Department. The average gas price in January was $2.326, almost a dollar less than what the average gas price was last month.

Biden urges investigation into 'illegal activity' that may be causing spike in gas prices

Biden announced that the National Economic Council has asked the Federal Trade Commission to use “every available tool” to monitor the U.S. gasoline market.

www.yahoo.com

Yeah it’s definitely not regulations from the government doing this. It’s oil companies for sure. Just scalping the little guy. If it wasn’t for them Bidumb would have regulated gas down to practically free by now.

 

[Missouri_Mike]

Uh, no, it's only here until prices level off to where they were earlier this year as vaccines began rolling out in mass and the country reopened completely.

Do vaccines somehow magically produce a tank of gas? WTF are you even talking about?

 

[Faun]

Apparently you’re too fucking dumb to remember the democrats pushed more spending under Trump. And are now still doing it.

LOL

Rightard, Trump and Republicans increased spending his first two years too while Republicans controlled both houses of Congress.

 

[Missouri_Mike]

LOL

Rightard, Trump and Republicans increased spending his first two years too while Republicans controlled both houses of Congress.

Well leftard I guess you forgot the democrats shut down the government for more funding of illegals.

 

[Faun]

Do vaccines somehow magically produce a tank of gas? WTF are you even talking about?

LOLOL

Why are you sooo fucking uneducated, you can't comprehend how these things work?

A year ago, much of the country was locked down. Many were unemployed and many more were working remotely and no longer commuting. That drop in demand caused gas prices to plummet. As the country reopened, the demand for gas increased as well as the price. By the end of last year and into this year, vaccines started rolling out. That resulted in more of the country reopening which in turn, resulted in higher demand and prices. Now we have some 60% of vaccine-eligible Americans vaccinated, the country is completely open. Many, if not most who were working remotely are now commuting again. All that leading to more consumption, more demand, and higher prices. So when we compare prices today with a year ago, which is how inflation is calculated, of course inflation is high. But then I'm trying to explain econ 101 to an idiot who doesn't understand why inflation follows a recession.

 

[Faun]

Well leftard I guess you forgot the democrats shut down the government for more funding of illegals.

Your ignorance knows no boundaries, does it, moron?

Both sides contributed to the shutdown.

"My administration is recommending that all Americans, including the young and healthy, work to engage in schooling from home when possible, avoid gathering in groups of more than 10 people, avoid discretionary travel and avoid eating and drinking in bars, restaurants, and public food courts."~ Donald Trump, 3.16.2020​

 

[asaratis]

Uh, no, it's only here until prices level off to where they were earlier this year as vaccines began rolling out in mass and the country reopened completely.

Listen up, dimwit! Inflation RATE is based on the consumer price index. Inflation is a persistent rise in prices over a period of time, not necessarily a year.

The Formula for Measuring Inflation​

The above-mentioned variants of price indexes can be used to calculate the value of inflation between two particular months (or years). While a lot of ready-made inflation calculators are already available on various financial portal and websites, it is always better to be aware of the underlying methodology to ensure accuracy with a clear understanding of the calculations. Mathematically,

Percent inflation rate = (Final CPI Index Value/Initial CPI Value)*100

The inflation rate under Biden has reached the HIGHEST RATE IN THE LAST THIRTEEN YEARS!

US inflation jumps to 5% – the highest price in 13 years

INFLATION in the US has skyrocketed to 5% – the highest price America has seen in 13 years. It comes after former President Donald Trump’s stark warning of a massive rise in inflation u…

www.the-sun.com

Note from the graph that inflation never got to 3% while Trump was in office and was under 2% when Biden took over. It has risen more than 3% more since Biden was "elected". It's the highest now since August 2008. It's the fastest rise in inflation since 1992.

Your boy, Biden is an economic disaster, a border disaster, a COVID disaster...and a mental disaster.