"Bidenomics" will Haunt the Democrats for Decades

[Foxfyre]

That was February.

This is today:

Furman: From around April 2021 through the beginning of 2023, wages were rising less than inflation, so people were falling behind. This year wages have been outpacing inflation, so people are getting ahead.

If you look at the whole thing, people are now ahead of where they were prior to COVID. So wages have increased more than prices prior to COVID.

Where it gets tricky is, is the pace of increase—sort of, what people were used to—less of an increase in real wages than they were used to, or more of an increase [than they were used to.] . . . I think probably they’re a bit below trend. Which is to say, yes, people’s wages are outpacing inflation. But they were outpacing it by even more in the couple years before COVID, so there’s a real reason to be disappointed by where we are. . . .

But unambiguously, wages have risen more than prices.

I don't know that his opinion will hold up.

https://www.cnn.com/2023/09/25/economy/us-workers-cost-of-living-inflation/index.html

Our income sure as hell isn't increasing faster than inflation. Biden and the leftist media like to report that inflation is down. They base it on this or that factor that doesn't affect many of us while ignoring that inflation that impacts most of us--food, housing, utilities, fuel--is not down anywhere near enough to make up for the massive increases that still affect us. In many cases it continues to rise.

Inflation was by no means unique to the USA, but the EU seems to have managed it much more efficiently and effectively than the Biden administration has at least in those things that matter.

Inflation in the U.S and Europe: Different Paths to Moderating Rates

Differing responses by the U.S. and Europe to inflation now point to different outcomes. Which region is more likely to reach its inflation targets?

www.americancentury.com

 

[g5000]

I don't know that his opinion will hold up.

https://www.cnn.com/2023/09/25/economy/us-workers-cost-of-living-inflation/index.html

As I said earlier, Americans are being misled. Note the key words in your link:

Sixty-seven percent of employees say the cost of living is outpacing growth in their salary and wages, according to a Bank of America survey shared exclusively with CNN on Monday.

That feeling has intensified, rising from 58% in February 2022.

And then the fact: That’s despite the fact that inflation has cooled considerably over the past year.

“Yes, the headline numbers on inflation are supposedly going in the right direction. But it doesn’t feel that way,” Lorna Sabbia, head of retirement and personal wealth solutions at Bank of America, said in an interview.


Despite how people FEEL, unemployment is historically low and wages are outpacing inflation.

How people FEEL is all about messaging.

 

[Flash]

That was February.

This is today:

Furman: From around April 2021 through the beginning of 2023, wages were rising less than inflation, so people were falling behind. This year wages have been outpacing inflation, so people are getting ahead.

If you look at the whole thing, people are now ahead of where they were prior to COVID. So wages have increased more than prices prior to COVID.

Where it gets tricky is, is the pace of increase—sort of, what people were used to—less of an increase in real wages than they were used to, or more of an increase [than they were used to.] . . . I think probably they’re a bit below trend. Which is to say, yes, people’s wages are outpacing inflation. But they were outpacing it by even more in the couple years before COVID, so there’s a real reason to be disappointed by where we are. . . .

But unambiguously, wages have risen more than prices.

We ridicule you Moon Bats because you are so stupid. Like you don't even know that inflation is cumulative. What it was last year doesn't go away but is added on to whatever there is this year.

You idiots don't get to brag that it is less this year than it was last year because it all adds up and doesn't go away.

The cumulative effect of Potatoheadinflation is more than 20% and that is disastrous to most American families.

Anybody that voted for Potatohead is an idiot.

 

[g5000]

We ridicule you Moon Bats because you are so stupid. Like you don't even know that inflation is cumulative. What it was last year doesn't go away but is added on to whatever there is this year.

You idiots don't get to brag that it is less this year than it was last year because it all adds up and doesn't go away.

The cumulative effect of Potatoheadinflation is more than 20% and that is disastrous to most American families.

Anybody that voted for Potatohead is an idiot.

What you tards don't understand is that rising wages are also cumulative, and they are outpacing inflation.

 

[Freedomisneverfree]

Biden will haunt the Democrats for decades. They know the OLD crusty man is losing his mental faculties day by day. Now a laughing stock.

 

[Flash]

What you tards don't understand is that rising wages are also cumulative, and they are outpacing inflation.

 

[Flash]

What you tards don't understand is that rising wages are also cumulative, and they are outpacing inflation.

You nitwit. Wages have not gone up anywhere close to Potatohead's 20%+ inflation.

 

[Foxfyre]

As I said earlier, Americans are being misled. Note the key words in your link:

Sixty-seven percent of employees say the cost of living is outpacing growth in their salary and wages, according to a Bank of America survey shared exclusively with CNN on Monday.

That feeling has intensified, rising from 58% in February 2022.

And then the fact: That’s despite the fact that inflation has cooled considerably over the past year.

“Yes, the headline numbers on inflation are supposedly going in the right direction. But it doesn’t feel that way,” Lorna Sabbia, head of retirement and personal wealth solutions at Bank of America, said in an interview.


Despite how people FEEL, unemployment is historically low and wages are outpacing inflation.

How people FEEL is all about messaging.

You may put importance on the figures the government puts out and believe that is the way it is and how people feel out it doesn't matter.

But when you do the grocery shopping, do the family budgeting, pay the bills, balance the checkbook every month you have a very good idea of your family's financial standing. And you know when there isn't enough money and you're stressed about it. Few people are stressed about money with no reason.

When consumer confidence is down--yes that is based on how people feel about it--that means they don't expect to have the cash for what they need or want to do. And consumer confidence is down.

When your grocery money buys half the groceries it used to buy, when you postpone that home improvement or vacation that you used to be able to afford easily, when you lie awake at night trying to figure out how to rearrange finances to replace the refrigerator that is going out, how you feel about it is pretty damn important.

 

[busybee01]

"Bidenomics" may be one of the worst political memes ever invented. Like "stagflation" it may signify for an entire generation the wrongheadedness of liberal economic policies, but this time with a more direct association with a specific President and political party. Whoever came up with this term has created a wonderful gift for Republicans in future elections..

Big tax cuts for the rich and powerful are not the answer. That is Republican economics. Biden should be campaigning against that.

 

[struth]

As I said earlier, Americans are being misled. Note the key words in your link:

Sixty-seven percent of employees say the cost of living is outpacing growth in their salary and wages, according to a Bank of America survey shared exclusively with CNN on Monday.

That feeling has intensified, rising from 58% in February 2022.

And then the fact: That’s despite the fact that inflation has cooled considerably over the past year.

“Yes, the headline numbers on inflation are supposedly going in the right direction. But it doesn’t feel that way,” Lorna Sabbia, head of retirement and personal wealth solutions at Bank of America, said in an interview.


Despite how people FEEL, unemployment is historically low and wages are outpacing inflation.

How people FEEL is all about messaging.

Haha wages aren’t outpacing inflation

 

[BluesLegend]

Bidenomics insanity will destroy at least 2 generations of young people financially. Young people learn from your mistake, never vote for Democrats.

 

[BluesLegend]

When Democrats F you over they go all the way. First they screw young people over with mountains of student loan debt for jacked up costs of a college degree. Then Democrats wreck the economy to prevent them from getting a job to pay off the debt.

 

[Votar Roja]

What you tards don't understand is that rising wages are also cumulative, and they are outpacing inflation.

Liar. Idiot.