Bidenflation...............it's got us f**ked

[Flash]

The Potaohead inflation is a cruel tax on us American that allowed him to get away with stealing the election.

 

[Smokin' OP]

Pouring more money into a supply constrained system.

So, other countries are doing the same?

February 10 2022
Italians have been feeling the knock-on effects of inflation mostly in their utilities bills, with gas and electricity costs rising by more than 50% this winter. In turn, the high energy costs have made it more expensive to run factories and transport goods, hence price rises have also been felt in other areas, such as food and manufactured goods.

Preliminary data from Istat, Italy’s statistics agency, earlier this month showed inflation rose by 3.9% during 2021, hitting 4.2% in December – the highest rise in over a decade.

Inflation in Germany is currently around 4.9%, down on December’s 5.3% – which was only the second time it has exceeded 5% since reunification in 1990 – and is expected to remain high at least until the middle of the year. The Bundesbank referred to a ‘consistent extremely high price pressure’ in its January monthly report.

There are multiple reasons behind the inflation rate, including supply chain issues, price rises to reflect losses linked to the pandemic, high demand for specific goods and services coupled with a labour shortage, as well as a rise in the VAT rate, after it was temporarily reduced to help businesses last year.

The most shocking hikes are for heating, petrol, diesel, electricity, and oil – which according to the consumer price index have increased on average by 18.3%, butin some cases by as much as 50%.

The global wave of inflation has brought Pakistan to its knees. The rate soared to 13% in January, just as the national currency, the rupee, is rapidly devaluing.

Food prices have skyrocketed by 17%, leaving lower- and middle-income families, who already spent half their income on food, struggling to cope. The country has recorded a recent 5% rise in the price of potatoes, a 4.5% rise in the price of chicken and a 2.5% rise in the cost of bananas. The price of cooking oil has risen by 27% in the past three years and sugar now costs more than fuel. In January, for the first time in Pakistan’s history, petrol hit 150 rupees a litre (63 pence), a hike of around 40%.

Inflation in the eurozone climbed to an annual rate of 5 percent in December, the second-consecutive record, according to the European Union statistics office’s initial estimate, which was released on Friday.

The rate was slightly higher than the previous month’s increase of 4.9 percent. Inflation around the world has jumped as the pandemic disrupted supply chains, labor markets and the availability of goods. In Europe especially, soaring energy prices have contributed significantly to the record-high inflation rates.

Furthering lockdowns that are not effective.

That was for 6 weeks, that's why the US leads the world in covid deaths.
Other countries that had lockdowns didn't have a 10th of what the US had.

Actively pursuing reducing supply through other COVID measures.

Reducing supply?
So, Biden ordered companies to reduce their orders?

Added to a general incompetence all around in the government over the last 2 years.

No one even comes close to Trump, when it comes to incompetence.

And before you go all Trump stupid on me, the same policies and asinine spending was bullshit under Trump as well. And I pointed it out during his term as well.

Too late.

 

[deplorable1]

View attachment 582558

The Potaohead inflation is a cruel tax on us American that allowed him to get away with stealing the election.

7.5 inflation (wrong) another potatohead busy getting head in the oval office, didn't want inflation to appear too high so he directed to economist to not include food and fuel in the equation. In reality if calculated with those two factors, as of last Friday, inflation was at a mere 15.63%.

 

[BlueGin]

Republicans whining about inflation.

They'll be the first ones to give these same corporations, more tax cuts.

That will teach them a lesson.

You say that like the Democrats didn’t include big corporations in the COVID power grab.

Democrats and big corporations are big buddies.

 

[Smokin' OP]

You say that like the Democrats didn’t include big corporations in the COVID power grab.

Democrats and big corporations are big buddies.

We don't blatantly reward them, with corporate socialism, as republicans do.

June 11 2020
U.S. Treasury Secretary Steven Mnuchin told Congress Wednesday that the Trump administration intends to keep secret the names of the businesses that have received more than $500 billion in COVID-19 bailout funds through the Paycheck Protection Program (PPP), claiming the information is “confidential.”

 

[otto105]

Went to Dollar Tree yesterday. Got a few cleaning supplies.
Checked out. Usually never look at my receipt, but I happened to glance at it.

The days of DOLLAR stores are apparently a thing of the past now...........

They went up to $1.25.


You KNOW we're fucked good and hard, if the DOLLAR STORES went up on prices!!!

View attachment 582555

Things are so bad that consumer spending was up 3.8% in January.

 

[otto105]

You say that like the Democrats didn’t include big corporations in the COVID power grab.

Democrats and big corporations are big buddies.

Awwww, snuggling under a warm blanket...

 

[Baron Von Murderpaws]

Things are so bad that consumer spending was up 3.8% in January.

People were out stocking up on what they could before the prices tripled and quadrupled!!!!

 

[Harpy Eagle]

Went to Dollar Tree yesterday. Got a few cleaning supplies.
Checked out. Usually never look at my receipt, but I happened to glance at it.

The days of DOLLAR stores are apparently a thing of the past now...........

They went up to $1.25.


You KNOW we're fucked good and hard, if the DOLLAR STORES went up on prices!!!

View attachment 582555

Dollar Tree raises prices to $1.25, and it says it's not because of inflation

Dollar Tree reported earnings and sales that beat expectations alongside the announcement that it's raising its price point

www.marketwatch.com

 

[otto105]

People were out stocking up on what they could before the prices tripled and quadrupled!!!!

Which were?

 

[Harpy Eagle]

Which were?

The irony is they are not smart enough to understand that people hoarding things actually leads higher prices