CNN: Why inflation can actually be good for everyday Americans and bad for rich people

[B. Kidd]

Life is a zero sum game. If one is near zero now 11/2 years into the Bi-Dung Administration, imagine where you'll be a year from now!

 

[Rigby5]

Sorry but there's nothing good about inflation

All depends.
If inflation is due to an economy that is so prosperous that buyers are out bidding each other for luxury consumer products to buy, that is good.
The reason it is good is that it is easier to repay debt, like loans, when the amount is shrinking in comparison with current value.
But inflation is bad when it is because of rising essential good like gas and food, due to shortages.

 

[marvin martian]

The men and women on CNN are evil shills. People have been killed in part because of the false propaganda they serve up.

That's right. Many people.

 

[Stormy Daniels]

When will this TV rag lose its journalism license?....

What license?

 

[ColonelAngus]

Here's the "logic" these Biden employees at CNN used:

But on the whole, inflation can actually be a good thing for many working-class Americans, especially those with fixed-rate debt like a 30-year mortgage. That's because wages are going up, which not only empowers workers but also gives them more money to pay down debt. Plus, in the case of a mortgage, your monthly payment will be the same but your house will increase in value.​

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That's right, they didn't even mention the massive increases in the costs of everything else besides fixed rate mortgage payments.

******* clowns.

This is where these dumb **** cultists get their news.

GASLIGHTING LIKE A ************

 

[BluesLegend]

More proof Democrats are in full panic mode over the Biden disaster.

 

[BluesLegend]

Democrats are LOVING the sky high cost of homes, they are jacking up property taxes by more than 20% and laughing all the way to the bank at Dem voters.