A key inflation measure rose to a 39-year high to 6.8 percent last month under Biden, as Republicans pounce on the bad economic news

[basquebromance]

Biden misunderstands basic economics

A key inflation measure rose to a 39-year high last month

America's high pandemic-era price hikes were alive and kicking last month, when a key measure of inflation climbed to a level not seen since June 1982.

edition.cnn.com

 

[TNHarley]

Holy shit

 

[Anomalism]

Well if inflation goes bonkers I guess it'll be good for people who owe money. Lol The rest of us not so much.

 

[Claudette]

basquebromance
Bidung probably doesn't know what the word economics means. He sure as hell won't be able to understand it.

 

[otto105]

Biden misunderstands basic economics

A key inflation measure rose to a 39-year high last month

America's high pandemic-era price hikes were alive and kicking last month, when a key measure of inflation climbed to a level not seen since June 1982.

edition.cnn.com

Sure, where was the American economy last year under the former president?

 

[otto105]

Biden misunderstands basic economics

A key inflation measure rose to a 39-year high last month

America's high pandemic-era price hikes were alive and kicking last month, when a key measure of inflation climbed to a level not seen since June 1982.

edition.cnn.com

Basic law of economics for you seems to be some sort of government intervention.

Can you explain what that looks like?

 

[DBA]

Don't worry, it is transitory.

 

[Harpy Eagle]

I do have to wonder if these same people we saying how stupid Reagan was when inflation was this high under him.

 

[otto105]

Don't worry, it is transitory.

What are oil and gas prices doing today?

 

[Claudette]

otto105
In the toilet like the economies of all the countries that had to deal with the Chinese virus. It was a pandemic you half wit. You sure are a moron,

 

[otto105]

otto105
In the toilet like the economies of all the countries that had to deal with the Chinese virus. It was a pandemic you half wit. You sure are a moron,

So, comparing an economy that was in the toilet to a strong one a year later is what?

Foolhardy...

 

[DBA]

So, comparing an economy that was in the toilet to a strong one a year later is what?

Foolhardy...

The stock market isn't strong because of Biden but despite him. We are coming out of a pandemic. The economy itself is on very fragile footing, however. Look for it to take a major dump if/when Biden passes Build Back Better. There will be an initial bump and then a crash that a Republican that takes office will be blamed for.

 

[AzogtheDefiler]

But it

Biden misunderstands basic economics

A key inflation measure rose to a 39-year high last month

America's high pandemic-era price hikes were alive and kicking last month, when a key measure of inflation climbed to a level not seen since June 1982.

edition.cnn.com

What is a 40-year high between friends? Suck it up snowflake. Not my problem if people are paying more. We elected this regime and now we need to live with it.

 

[iamwhatiseem]

It's TRUMPS fault!!!!!!!

Haha... I am first!!

 

[healthmyths]

Biden misunderstands basic economics

A key inflation measure rose to a 39-year high last month

America's high pandemic-era price hikes were alive and kicking last month, when a key measure of inflation climbed to a level not seen since June 1982.

edition.cnn.com

The Misery Index... The misery index: An economic indicator that measures the financial well-being of a country's citizens

• The annual unemployment rates. Unemployment measures the percentage of people who are actively looking for work but can't find a job.
• The annual inflation rates. Inflation is the rising costs of goods and services. As prices increase, you need more money to buy the same thing, which is why inflation could lead to misery.
• Bank lending rates. The rates that banks pay for short-term loans, which can impact the rates that consumers pay on loans and lines of credit.
• The change in gross domestic product. Real gross domestic product (GDP) measures the change in a country's economic output, after accounting for inflation or deflation.

 

[otto105]

The stock market isn't strong because of Biden but despite him. We are coming out of a pandemic. The economy itself is on very fragile footing, however. Look for it to take a major dump if/when Biden passes Build Back Better. There will be an initial bump and then a crash that a Republican that takes office will be blamed for.

The stock market is clearly strong because it knows the economic outlook is very positive. President Biden can be thanked for that.

Build back better will make our economic future even stronger.

It's usually Democratic President's since WWII baling out the economy after republic ones.

BTW inflation is so bad that everyone is spending like crazy....

 

[DBA]

What are oil and gas prices doing today?

Woo hoo. Oil and prices come down some, but of course, they are 30% higher than they were when Trump was in office in late 2020.

 

[iamwhatiseem]

And honestly the 6.8% is an aggregate of "key measures".
Food is up some of the highest, some food is waaaaay up.

 

[DBA]

The stock market is clearly strong because it knows the economic outlook is very positive. President Biden can be thanked for that.

Build back better will make our economic future even stronger.

It's usually Democratic President's since WWII baling out the economy after republic ones.

BTW inflation is so bad that everyone is spending like crazy....

People are spending because they have gotten more government handouts. Where have you been?

 

[otto105]

But it

What is a 40-year high between friends? Suck it up snowflake. Not my problem if people are paying more. We elected this regime and now we need to live with it.

Yeah, inflation is sooooo bad everyone is spending money....