White House announces inflation is just fine

[AntonToo]

Like I said they have no concept of what an algebraic sum is.

What algebraic sum refutes big job and nominal income growth under Biden?

You tribalist rw nutbag neanderthals wouldn't know economic analysis from ham sandwich.

 

[Stryder50]

Only an idiot would imagine that a historic world wide post-Covid19 inflation phenomenon was caused by a guy in the White House.

Yet we see a lot of idiots(Leftists) do that with regard to Trump and other Republican POTUSs.
Also USA currency is the one others use for international trade so there is a spill over effect.

 

[Stryder50]

Looks like you've missed a few numbers Americans may find of interest:

Employment: +15 millions jobs

National Average Wages: +$15000

Source/document ...
BTW, here you are contradicting your point above in #33.

 

[AntonToo]

Source/document ...
BTW, here you are contradicting your point above in #33.

Jan 2021 - 143 Million
Mar 2024 - 158 Million

All Employees, Total Nonfarm

View the number of nonfarm employees in the U.S., who account for approximately 80 percent of the workers who contribute to GDP.

fred.stlouisfed.org

 

[AntonToo]

Yet

Concession accepted, what-about-ism rejected.

 

[Stryder50]

Concession accepted, what-about-ism rejected.

You have mush for brains.
You claim it couldn't be because of a guy in the White House, Trump; then claim the "improvement" is because of a guy in the White House, Biden.

You speak with forked tongue.

 

[Stryder50]

Jan 2021 - 143 Million
Mar 2024 - 158 Million

All Employees, Total Nonfarm

View the number of nonfarm employees in the U.S., who account for approximately 80 percent of the workers who contribute to GDP.

fred.stlouisfed.org

Some of those are people returning to work after the Lockout caused a decline in jobs. Many are also part-time jobs, so less of a gain.
I prefer this source;

https://www.usdebtclock.org/

 

[AntonToo]

Some of those are people returning to work after the Lockout caused a decline in jobs. Many are also part-time jobs, so less of a gain.
I prefer this source;

https://www.usdebtclock.org/

You preffer not to hear the good economic news while other guy is in the White House , I get it.

 

[Stryder50]

You preffer not to hear the good economic news while other guy is in the White House , I get it.

I question your credibility and interpretation of the source of what you call "good economic news".

 

[Whodatsaywhodat.]

https://ssnews.page.link/XCcj5RsSwfs6tovP7

Joe blows. Admit it.

 

[Cellblock2429]

You preffer not to hear the good economic news while other guy is in the White House , I get it.

/—-/ What you need to get, is there is no good economic news. People are suffering under Bidenomics.

US Economy News Today: Wholesale Price Index Adds to Inflation Equation

Today, the producer price index gave a clue into future inflation. Additionally, Fed officials, economists and investors are digesting yesterday's data to shape projections moving into the summer.

www.investopedia.com

 

[j-mac]

You preffer not to hear the good economic news while other guy is in the White House , I get it.

Here’s some good economic news so you say…

Since COVID began in March 2020, the cost of food at home has jumped 24.6%.

Inflation: Grocery prices reaccelerate, now 25% higher than pre-pandemic

Grocery prices are seeing their first year-over-year acceleration since August 2022.

finance.yahoo.com

Mortgage costs are too high

https://www.wsj.com/economy/housing/mortgage-rates-home-buyers-plans-changing-4b4b5a23

Gas Prices have been edging higher, with motorists on average paying six cents more per gallon than a week ago and 23 cents more this time last month. Still, the cost of filling up is in line with where motorists and their wallets stood a year ago, when a gallon of unleaded came to $3.61, AAA data shows.

Gas prices are on the rise again. Here's where experts say they are going next.

The cost of filling up is rising ahead of the summer driving season, as peak demand and geopolitical issues converge.

www.cbsnews.com

Wages not keeping up with increased pricing…

Why Salary Increases *Still* Do Not Align With Inflation

Salary increase budgets continue to move differently than inflation under changing economic conditions.

www.forbes.com

These are all stats that are destroying the young, and middle classes….

 

[Cellblock2429]

Here’s some good economic news so you say…

Since COVID began in March 2020, the cost of food at home has jumped 24.6%.

Inflation: Grocery prices reaccelerate, now 25% higher than pre-pandemic

Grocery prices are seeing their first year-over-year acceleration since August 2022.

finance.yahoo.com

Mortgage costs are too high

https://www.wsj.com/economy/housing/mortgage-rates-home-buyers-plans-changing-4b4b5a23

Gas Prices have been edging higher, with motorists on average paying six cents more per gallon than a week ago and 23 cents more this time last month. Still, the cost of filling up is in line with where motorists and their wallets stood a year ago, when a gallon of unleaded came to $3.61, AAA data shows.

Gas prices are on the rise again. Here's where experts say they are going next.

The cost of filling up is rising ahead of the summer driving season, as peak demand and geopolitical issues converge.

www.cbsnews.com

Wages not keeping up with increased pricing…

Why Salary Increases *Still* Do Not Align With Inflation

Salary increase budgets continue to move differently than inflation under changing economic conditions.

www.forbes.com

These are all stats that are destroying the young, and middle classes….

/---/ And there is more Bidenomic news for us.
A homebuyer must earn $114,627 to afford the median-priced U.S. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic. That’s the highest annual income necessary to afford a home on record.

Homebuyers Must Earn $115,000 to Afford the Typical U.S. Home. That’s About $40,000 More Than the Typical American Household Earns.

Sky-high mortgage rates and still-rising home prices have made it harder than ever to afford a home, especially for first-time buyers. The typical buyer needs to earn 15% more than they did a year ago–and wages are only up 5%.

www.redfin.com

 

[ColonelAngus]

Cult, the economy sucks. You cannot your way out of that fact.

NO MATTER HOW RACIST YOU CLAIM TRUMP TO BE, THE ECONOMY IS STILL GARBAGE.

 

[j-mac]

/---/ And there is more Bidenomic news for us.
A homebuyer must earn $114,627 to afford the median-priced U.S. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic. That’s the highest annual income necessary to afford a home on record.

Homebuyers Must Earn $115,000 to Afford the Typical U.S. Home. That’s About $40,000 More Than the Typical American Household Earns.

Sky-high mortgage rates and still-rising home prices have made it harder than ever to afford a home, especially for first-time buyers. The typical buyer needs to earn 15% more than they did a year ago–and wages are only up 5%.

www.redfin.com

As a personal observation, my daughter and her husband, with two children are living with me for the moment due to the birth of their second child…They just secured an apartment to move into…Now they make about $4,400 per month combined.

Here‘s their breakdown…

Housing - $1,500
utilities - $200
gas - $240
groceries - $1,000
ins - $400
car pmt - $800

total - $4,100

now that’s before clothes, entertainment, or savings….

this economy is a disaster for young families….

 

[AntonToo]

I question your credibility and interpretation of the source of what you call "good economic news".

Sure, go ahead, question it like a smart, emotionally strong person by looking at serious economic data. Not like bullshit peddling nutbag that can’t handle facts.

 

[Cellblock2429]

What algebraic sum refutes big job and nominal income growth under Biden?

You tribalist rw nutbag neanderthals wouldn't know economic analysis from ham sandwich.

/----/

 

[AntonToo]

Cult, the economy sucks. You cannot your way out of that fact.

NO MATTER HOW RACIST YOU CLAIM TRUMP TO BE, THE ECONOMY IS STILL GARBAGE.

Record low unemployment
Strong Jobs, GDP, Corporate Profits, Stock Market, wages and income growth.

All that doesn’t count and the only thing that matters is that we’ve had inflation coming out of Covid, right nutbag?

 

[Whodatsaywhodat.]

Cult, the economy sucks. You cannot your way out of that fact.

NO MATTER HOW RACIST YOU CLAIM TRUMP TO BE, THE ECONOMY IS STILL GARBAGE.

Wow , how dumb must one be to vote for 4 more years of this incompetent dementia patient ? You almost have to be in a cult.

 

[Libby von H]

2.5 percent general inflation is pretty good. Inflated food prices can be easily solved by not overeating, cooking more, and packing a lunch instead of eating out.

But as Biden doesn't ever mention,that is a compounding 2.5% (as in bank savings accounts) IT must get worse unless stopped WE now know that the new jobs are overwhelmingly going to non-Americans and that the Census Bureau has been treating them as citizens.