Biden's statements and actions CAUSED highest inflation rate in the last 41 years...8.5%

[healthmyths]

When Biden was running for president, he promised to shut down oil producers: “No ability for the oil industry to continue to drill, period.” He pledged to put the country on “an irreversible” path toward “doing away with” fossil fuels.

Gas prices too high? It’s all part of Biden’s plan to eliminate fossil fuels

If you think gas prices are high now, just wait.

nypost.com

When that statement was made along with this one: I want you to look into my eyes, I guarantee We Are Going To Get Rid of Fossil Fuels”


When Biden was running for president, he promised to shut down oil producers: “No ability for the oil industry to continue to drill, period.” He pledged to put the country on “an irreversible” path toward “doing away with” fossil fuels.

Gas prices too high? It’s all part of Biden’s plan to eliminate fossil fuels

If you think gas prices are high now, just wait.

nypost.com

The oil industry took him at his word and began RAISING prices of gas... proof?
BIDEN ADMINISTRATION STOKING HIGHER ENERGY PRICES WITH OIL AND GAS CRACKDOWN, JEC ANALYSIS SHOWS

The RSC’s memo lists 81 actions Biden’s administration took that weakened domestic energy protection, starting with the Day 1 Climate Change Executive Order to review and revoke President Trump’s deregulation of energy rules.

Biden keeping his promise to âend fossil fuelâ increased gas prices, RSC memo shows

President Biden acted on his campaign promise to “end fossil fuel” – and the result has been skyrocketing gas prices, an influential Republican committee claims in a memo obtained by Fox Business.

www.foxbusiness.com

inflation 2010 2.2%
inflation lowest 2020 1.4%
Inflation 2022 8.5%

US Inflation Rate by Year: 1929-2023

The U.S. inflation rate by year is the percentage of change in prices from one year to the next. It responds to business cycle phases and interest rates.

www.thebalancemoney.com

An increase of over 81% in 2 years and highest in 41 years!
So... almost every American that drives has seen the effect of the above Biden statements.
But US firms have less incentive to produce more oil while facing heavy regulations – meaning they’re more likely to leave the oil in the ground and drill in the future when prices are higher, says Benjamin Zycher of the American Enterprise Institute. He contends under the “Green New Deal” regulatory environment, the atmosphere in Washington is decidedly anti-oil.

Why Biden energy policies have contributed to surging oil prices

If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new …

nypost.com

 

[mamooth]

CPI-U was -0.1% in December 2022.

Oops.

This propaganda is about 6 months out of date.

 

[healthmyths]

CPI-U was -0.1% in December 2022.

Oops.

This propaganda is about 6 months out of date.

Where is your proof?
The annual inflation rate for the United States is 6.5% for the 12 months ended December 2022 after rising 7.1% previously, according to U.S. Labor Department data published Jan. 12. The next inflation update is scheduled for release on Feb. 14, 2023, at 8:30 a.m. ET.

Current US Inflation Rates: 2000-2024

The annual inflation rate for the United States was 3.5% for the 12 months ending March, compared to the previous rate of 3.2%, according to U.S. Labor Department data published on April 10, 2024. The next inflation update is scheduled for release on May 15 at 8:30 a.m. ET, providing information...

www.usinflationcalculator.com

 

[Mac1958]

Nope. This was a team effort, building over several years.

 

[ElmerMudd]

When Biden was running for president, he promised to shut down oil producers: “No ability for the oil industry to continue to drill, period.” He pledged to put the country on “an irreversible” path toward “doing away with” fossil fuels.

Gas prices too high? It’s all part of Biden’s plan to eliminate fossil fuels

If you think gas prices are high now, just wait.

nypost.com

When that statement was made along with this one: I want you to look into my eyes, I guarantee We Are Going To Get Rid of Fossil Fuels”


When Biden was running for president, he promised to shut down oil producers: “No ability for the oil industry to continue to drill, period.” He pledged to put the country on “an irreversible” path toward “doing away with” fossil fuels.

Gas prices too high? It’s all part of Biden’s plan to eliminate fossil fuels

If you think gas prices are high now, just wait.

nypost.com

The oil industry took him at his word and began RAISING prices of gas... proof?
BIDEN ADMINISTRATION STOKING HIGHER ENERGY PRICES WITH OIL AND GAS CRACKDOWN, JEC ANALYSIS SHOWS

The RSC’s memo lists 81 actions Biden’s administration took that weakened domestic energy protection, starting with the Day 1 Climate Change Executive Order to review and revoke President Trump’s deregulation of energy rules.

Biden keeping his promise to âend fossil fuelâ increased gas prices, RSC memo shows

President Biden acted on his campaign promise to “end fossil fuel” – and the result has been skyrocketing gas prices, an influential Republican committee claims in a memo obtained by Fox Business.

www.foxbusiness.com

inflation 2010 2.2%
inflation lowest 2020 1.4%
Inflation 2022 8.5%

US Inflation Rate by Year: 1929-2023

The U.S. inflation rate by year is the percentage of change in prices from one year to the next. It responds to business cycle phases and interest rates.

www.thebalancemoney.com

An increase of over 81% in 2 years and highest in 41 years!
So... almost every American that drives has seen the effect of the above Biden statements.
But US firms have less incentive to produce more oil while facing heavy regulations – meaning they’re more likely to leave the oil in the ground and drill in the future when prices are higher, says Benjamin Zycher of the American Enterprise Institute. He contends under the “Green New Deal” regulatory environment, the atmosphere in Washington is decidedly anti-oil.

Why Biden energy policies have contributed to surging oil prices

If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new …

nypost.com

If Biden has all the blame for our current inflation does Trump have all the blame for running up the highest addition to the national debt of any one term President?

What You Need to Know About President Trump's Impact on the National Debt

The national debt under President Trump increased by almost 36% to $27 trillion in January 2020.

www.thebalancemoney.com

 

[bripat9643]

Nope. This was a team effort, building over several years.

team Biden.

 

[Mac1958]

If Biden has all the blame for our current inflation does Trump have all the blame for running up the highest addition to the national debt of any one term President?

What You Need to Know About President Trump's Impact on the National Debt

The national debt under President Trump increased by almost 36% to $27 trillion in January 2020.

www.thebalancemoney.com

Of course not! Zero! None, I say!

 

[The5thHorseman]

When Biden was running for president, he promised to shut down oil producers: “No ability for the oil industry to continue to drill, period.” He pledged to put the country on “an irreversible” path toward “doing away with” fossil fuels.

Gas prices too high? It’s all part of Biden’s plan to eliminate fossil fuels

If you think gas prices are high now, just wait.

nypost.com

When that statement was made along with this one: I want you to look into my eyes, I guarantee We Are Going To Get Rid of Fossil Fuels”


When Biden was running for president, he promised to shut down oil producers: “No ability for the oil industry to continue to drill, period.” He pledged to put the country on “an irreversible” path toward “doing away with” fossil fuels.

Gas prices too high? It’s all part of Biden’s plan to eliminate fossil fuels

If you think gas prices are high now, just wait.

nypost.com

The oil industry took him at his word and began RAISING prices of gas... proof?
BIDEN ADMINISTRATION STOKING HIGHER ENERGY PRICES WITH OIL AND GAS CRACKDOWN, JEC ANALYSIS SHOWS

The RSC’s memo lists 81 actions Biden’s administration took that weakened domestic energy protection, starting with the Day 1 Climate Change Executive Order to review and revoke President Trump’s deregulation of energy rules.

Biden keeping his promise to âend fossil fuelâ increased gas prices, RSC memo shows

President Biden acted on his campaign promise to “end fossil fuel” – and the result has been skyrocketing gas prices, an influential Republican committee claims in a memo obtained by Fox Business.

www.foxbusiness.com

inflation 2010 2.2%
inflation lowest 2020 1.4%
Inflation 2022 8.5%

US Inflation Rate by Year: 1929-2023

The U.S. inflation rate by year is the percentage of change in prices from one year to the next. It responds to business cycle phases and interest rates.

www.thebalancemoney.com

An increase of over 81% in 2 years and highest in 41 years!
So... almost every American that drives has seen the effect of the above Biden statements.
But US firms have less incentive to produce more oil while facing heavy regulations – meaning they’re more likely to leave the oil in the ground and drill in the future when prices are higher, says Benjamin Zycher of the American Enterprise Institute. He contends under the “Green New Deal” regulatory environment, the atmosphere in Washington is decidedly anti-oil.

Why Biden energy policies have contributed to surging oil prices

If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new …

nypost.com

And yet, domestic production has risen.

You people are morons.

Why is that?

 

[ElmerMudd]

team Biden.

PLEASE EXPLAIN HOW BRIPAT USES ARTICLES FROM 1991 TO SUPPORT ARGUMENTS YOU HAVE MADE ON THIS THREAD.

WE CANNOT BELIEVE ANYTHING YOU SAY.

YOU ARE ON PIECE OF WORK, ONE POS.

 

[bripat9643]

PLEASE EXPLAIN HOW BRIPAT USES ARTICLES FROM 1991 TO SUPPORT ARGUMENTS YOU HAVE MADE ON THIS THREAD.

WE CANNOT BELIEVE ANYTHING YOU SAY.

YOU ARE ON PIECE OF WORK, ONE POS.

The laws of economics don't change, dumbfuck. If a tax increase caused unemployment and a reduction in revenue in 1991, then it will do the same thing in 2021. Is the pythagorian theorem wrong because Pythagoras deduced it in 500 BC

All you're proving is what a dumbass you are.

 

[ElmerMudd]

The laws of economics don't change, dumbfuck. If a tax increase caused unemployment and a reduction in revenue in 1991, then it will do the same thing in 2021. Is the pythagorian theorem wrong because Pythagoras deduced it in 500 BC

All you're proving is what a dumbass you are.

There are other economic circumstances that work in concert with any economic action taken. The economic circumstances in 1991 were different than 2023, dumbass.
The situation within the job market along with the individual financial situation of the those buying the luxury items have baring. also.
You are such a simple minded f**k. It is unbelievable. Your mind cannot comprehend complexity. The world is complex. That is why you do not understand it.

 

[bripat9643]

There are other economic circumstances that work in concert with any economic action taken. The economic circumstances in 1991 were different than 2023, dumbass.
The situation within the job market along with the individual financial situation of the those buying the luxury items have baring. also.
You are such a simple minded f**k. It is unbelievable. Your mind cannot comprehend complexity. The world is complex. That is why you do not understand it.

Now you're changing your argument. It's no longer about how long ago it occurred, but the other factors involved. Of course, no historical event is exactly the same as any other historical event, so all you're saying is that we can never compare historical events.

 

[ElmerMudd]

Now you're changing your argument. It's no longer about how long ago it occurred, but the other factors involved. Of course, no historical event is exactly the same as any other historical event, so all you're saying is that we can never compare historical events.

The more recent the event, the more relevant. That is why using an example from 1991 is weak in discussing 2023. It also depends on what you are talking about. The economy variables change more often than other historical events..
There can be some relevance but , most likely, very little. There are plenty of more current events that are, much more relevant.

 

[mamooth]

The annual inflation rate for the United States is 6.5% for the 12 months ended December 2022 after rising 7.1% previously,

Annual inflation is calculated by measuring inflation over the past 12 months. It is not calculated by multiplying the current month's inflation rate times 12.

So, even though December 2022 inflation was -0.1%, annual inflation is still 6.5%.

https://www.bls.gov/news.release/pdf/cpi.pdf

---
The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a
seasonally adjusted basis, after increasing 0.1 percent in November, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the all items index increased 6.5 percent before seasonal
adjustment.
---

The pont is kind of that inflation is under control again, so raving about how Biden is causing inflation doesn't make any sense.

 

[bripat9643]

The more recent the event, the more relevant.

Not true, dumbass.

That is why using an example from 1991 is weak in discussing 2023.

Unfortunately for your theory it's entirely relevant.

It also depends on what you are talking about. The economy variables change more often than other historical events..

They do?

There can be some relevance but , most likely, very little. There are plenty of more current events that are, much more relevant.

You do nothing but spew idiotic blather.

 

[healthmyths]

Annual inflation is calculated by measuring inflation over the past 12 months. It is not calculated by multiplying the current month's inflation rate times 12.

So, even though December 2022 inflation was -0.1%, annual inflation is still 6.5%.

https://www.bls.gov/news.release/pdf/cpi.pdf

---
The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a
seasonally adjusted basis, after increasing 0.1 percent in November, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the all items index increased 6.5 percent before seasonal
adjustment.
---

The pont is kind of that inflation is under control again, so raving about how Biden is causing inflation doesn't make any sense.

I'm old enough to know what the highest Misery Index in history was and much was the cause of the guy I voted for, Jimmy Carter! I thought he was smart enough as a Naval academy graduate working with Admiral Rickover in developing nuclear subs. I was wrong! The misery index was a combination of unemployment and Inflation rate.

US Misery Index

>United States Misery Index Web Site

www.miseryindex.us

Look where Biden is NOW and remember he told oil companies to raise their gas prices because he was going to...
"I want you to look into my eyes, I guarantee We Are Going To Get Rid of Fossil Fuels”

What a way to give inflation a boost!

 

[Greenbeard]

Where is your proof?

Welcome to 2023.

Consumer Prices Plateau as Inflation Slows to Prepandemic Levels

A 40-year inflation high in June turned into relatively normal price growth in the second half of 2022.

www.wsj.com

 

[mamooth]

I'm old enough to know what the highest Misery Index

What does that have to do with how good the economy is under Biden now?

And Carter, the worst Democrat, still had a better job creation record than any Republican president.

 

[Independentthinker]

CPI-U was -0.1% in December 2022.

Oops.

This propaganda is about 6 months out of date.

Propaganda? Don't you go to the grocery?

 

[Independentthinker]

Nope. This was a team effort, building over several years.

Biden & Co through gasoline on the inflation fire with their leftist policies.