The Republican case against Biden is fizzling

[The5thHorseman]

For a while, Republicans had some pretty good ammo for attacking the Biden economy. But it’s melting like snowballs in South Florida.

For the last two years, Republicans have been highlighting “Bidenflation,” the “inflation crisis” supposedly caused by the “Democrats’ big spending bills,” as the GOP majority on the House Ways and Means Committee frequently asserts. The Republican National Committee says two years of elevated inflation under Biden have made families poorer. Florida Gov. Ron DeSantis, who’s running for president, highlights inflation as a main reason to eject Democrats from the White House.

Except inflation has been coming down rapidly and could be a nonissue by this time next year, when voters are deciding whether Biden deserves another four years. The annual inflation rate has dropped from a high of 9.1% last June, to just 3%. That’s barely above the Federal Reserve’s target of 2%.

The Republican case against Biden is fizzling

For all the effort to shout them down and suppress them, these facts won't go away.

Two and a half years of FOX propaga programming mooted.



AyeCantSeeYou

Please enforce the rules, as written, here. Don't let miscreants skate by shutting down the thread.

 

[johngaltshrugged]

For a while, Republicans had some pretty good ammo for attacking the Biden economy. But it’s melting like snowballs in South Florida.

For the last two years, Republicans have been highlighting “Bidenflation,” the “inflation crisis” supposedly caused by the “Democrats’ big spending bills,” as the GOP majority on the House Ways and Means Committee frequently asserts. The Republican National Committee says two years of elevated inflation under Biden have made families poorer. Florida Gov. Ron DeSantis, who’s running for president, highlights inflation as a main reason to eject Democrats from the White House.

Except inflation has been coming down rapidly and could be a nonissue by this time next year, when voters are deciding whether Biden deserves another four years. The annual inflation rate has dropped from a high of 9.1% last June, to just 3%. That’s barely above the Federal Reserve’s target of 2%.

The Republican case against Biden is fizzling

For all the effort to shout them down and suppress them, these facts won't go away.

Two and a half years of FOX propaga programming mooted.



AyeCantSeeYou

Please enforce the rules, as written, here. Don't let miscreants skate by shutting down the thread.

So even though you are admitting the inflation rate is 50% higher than the Fed target rate of 2%, you seem to feel this is some sort of redemption for the diaper dude?

Prices are much higher across the board than when he took office, real wages continue to decline (26+ months & counting), banks are on the verge of collapse, the housing market is crashing, interest rates have skyrocketed, the majority of jobs are going to immigrants &/or part time gigs so the avg person can make ends meet & nobody but the most ignorant minions of the meat puppet think we are on the right course.

You're the type that would wait 8 hours in a line for a govt potato while telling everyone who can't get away what a great job Big Brother is doing.
Pathetic

 

[Cellblock2429]

For a while, Republicans had some pretty good ammo for attacking the Biden economy. But it’s melting like snowballs in South Florida.

For the last two years, Republicans have been highlighting “Bidenflation,” the “inflation crisis” supposedly caused by the “Democrats’ big spending bills,” as the GOP majority on the House Ways and Means Committee frequently asserts. The Republican National Committee says two years of elevated inflation under Biden have made families poorer. Florida Gov. Ron DeSantis, who’s running for president, highlights inflation as a main reason to eject Democrats from the White House.

Except inflation has been coming down rapidly and could be a nonissue by this time next year, when voters are deciding whether Biden deserves another four years. The annual inflation rate has dropped from a high of 9.1% last June, to just 3%. That’s barely above the Federal Reserve’s target of 2%.

The Republican case against Biden is fizzling

For all the effort to shout them down and suppress them, these facts won't go away.

Two and a half years of FOX propaga programming mooted.



AyeCantSeeYou

Please enforce the rules, as written, here. Don't let miscreants skate by shutting down the thread.

/-----/ Hey, we're still paying the 5.3% increase from two years ago with an additional 4% on top of that. To dumb it down for you. Prices haven't fallen, they just aren't going up as fast.

CPI Home : U.S. Bureau of Labor Statistics​

06/13/2023 In May, the Consumer Price Index for All Urban Consumers increased 0.1 percent, seasonally adjusted, and rose 4.0 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.4 percent in May (SA); up 5.3 percent over the year (NSA). HTML | PDF | RSS | Charts | Local and Regional CPI

 

[Deplorable Yankee]

Why is fucking mayonnaise 6 dollars


friggin tool

 

[The5thHorseman]

/-----/ Hey, we're still paying the 5.3% increase from two years ago with an additional 4% on top of that. To dumb it down for you. Prices haven't fallen, they just aren't going up as fast.

View attachment 804073

CPI Home : U.S. Bureau of Labor Statistics​

06/13/2023 In May, the Consumer Price Index for All Urban Consumers increased 0.1 percent, seasonally adjusted, and rose 4.0 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.4 percent in May (SA); up 5.3 percent over the year (NSA). HTML | PDF | RSS | Charts | Local and Regional CPI

I don't think you understand the implications of your citation.

What is 0.1% annualized?

 

[toobfreak]

The Republican case against Biden is fizzling​

Maybe a little if you are foolish enough to think the rate of inflation is all there is against Biden. I see it as the LEAST harmful thing he has done! And its not like prices have come back down!

 

[The5thHorseman]

So even though you are admitting the inflation rate is 50% higher than the Fed target rate of 2%, you seem to feel this is some sort of redemption for the diaper dude?

Prices are much higher across the board than when he took office, real wages continue to decline (26+ months & counting), banks are on the verge of collapse, the housing market is crashing, interest rates have skyrocketed, the majority of jobs are going to immigrants &/or part time gigs so the avg person can make ends meet & nobody but the most ignorant minions of the meat puppet think we are on the right course.

You're the type that would wait 8 hours in a line for a govt potato while telling everyone who can't get away what a great job Big Brother is doing.
Pathetic

"Target" means that sometimes it is above and other times below.

3 isn't "Panic City"..

the diaper dude?

No, the diaper dude lost in 2020....you need to accept that fact and try to move on.

real wages continue to decline (26+ months & counting),

Post your source.

 

[The5thHorseman]

Maybe a little if you are foolish enough to think the rate of inflation is all there is against Biden. I see it as the LEAST harmful thing he has done! And its not like prices have come back down!

What else have you got?

And its not like prices have come back down!

What are you paying for eggs now?

 

[Cellblock2429]

I don't think you understand the implications of your citation.

What is 0.1% annualized?

/-----/ I understand it. 0.1 x 12 = 1.2. What you don't understand is the damage 9% inflation rate did to consumer prices and how the FED's rate increase to slow it down has caused pain and hardship across the board.
Dementia Joe did nothing - it was the Fed's rate increases.

 

[The5thHorseman]

/-----/ I understand it. 0.1 x 12 = 1.2. What you don't understand is the damage 9% inflation rate did to consumer prices and how the FED's rate increase to slow it down has caused pain and hardship across the board.
Dementia Joe did nothing - it was the Fed's rate increases.

I'm a consumer.

War and plague are expensive.

 

[toobfreak]

What are you paying for eggs now?

I don't buy eggs, but I just had to pay $4.53 for a gallon of 2% milk.

 

[The5thHorseman]

I don't buy eggs, but I just had to pay $4.53 for a gallon of 2% milk.

2.56 at Wallmart.

 

[toobfreak]

2.56 at Wallmart.

YOUR Walmart. Milk prices are regulated by the state.

 

[The5thHorseman]

YOUR Walmart. Milk prices are regulated by the state.

Biden is POTUS.

 

[toobfreak]

Biden is POTUS.

P-athetic
O-ld
T-urd
U-nder
S-oros

 

[Tommy Tainant]

"Target" means that sometimes it is above and other times below.

3 isn't "Panic City"..



No, the diaper dude lost in 2020....you need to accept that fact and try to move on.




Post your source.

The UK would kill for 3% inflation. Our conservative govt have managed to get it to 8.7% but havent got a clue how to get it lower.

 

[Lesh]

So even though you are admitting the inflation rate is 50% higher than the Fed target rate of 2%, you seem to feel this is some sort of redemption for the diaper dude?

Prices are much higher across the board than when he took office, real wages continue to decline (26+ months & counting), banks are on the verge of collapse, the housing market is crashing, interest rates have skyrocketed, the majority of jobs are going to immigrants &/or part time gigs so the avg person can make ends meet & nobody but the most ignorant minions of the meat puppet think we are on the right course.

You're the type that would wait 8 hours in a line for a govt potato while telling everyone who can't get away what a great job Big Brother is doing.
Pathetic

50% higher than the target rate? You think that’s a winning argument (whine)?

If inflation is 3% as opposed to 2% no one is going to care.

If it’s 9% people care

It’s not 9%. It’s 3%

 

[22lcidw]

50% higher than the target rate? You think that’s a winning argument (whine)?

If inflation is 3% as opposed to 2% no one is going to care.

If it’s 9% people care

It’s not 9%. It’s 3%

Except trying to live. We just do not get your happiness.

 

[Lesh]

Except trying to live. We just do not get your happiness.

Happiness that inflation has dropped onto the normal range?

Why wouldn’t I be?

 

[Ralph Norton]

If inflation is 3% as opposed to 2% no one is going to care.

Tell that to the 60% of Americans who are living paycheck to paycheck.