Flashback July 2021: Biden Says Inflation Temporary, Transitory Despite Spending Trillions We Don’t Have

[Weatherman2020]

Trump’s numbers were juiced by government shoving money out of planes into people’s pockets.

Which is what caused a lot of the inflation in the first place.

The first goal is keep people employed, if you ask me.

Thanks to Joe our debt interest exceeds our entire defense budget.

 

[Flash]

Coming up on 3 years of transitory inflation and the latest inflation report is much worse than expected and far from even being close to under control as the Fed says no way to interest rate cuts.

Politicians can lie about anything, but the economy is the one hardest to get away with lies about. Everyone personally knows how the economy is doing as they go about their lives.

Biden insists inflation is ‘temporary,’ ‘expected’ despite $4.7T spending plan

President Biden on Monday insisted that his massive spending plans aren’t causing price hikes, saying inflation is “temporary” and “expected” after the COVID-19 pandem…

nypost.com

A Democrat saying that the damage they do to the economy is only "temporary" is like the guy at the drive in telling his date that she has nothing to worry about because he will pull it out.

 

[Marener]

17-19 economic results

We had inflation in 2017-2019 too.

 

[Marener]

Bullshit. There is no $159 a week. There is only $709 a month. This is from that MAGA outlet CNN.

https://www.cnn.com/2023/08/11/economy/inflation-rate-spending/index.html

US inflation means families are spending $709 more per month than two years ago​

Q1 2021 weekly earnings were $983.
Q4 2023 weekly earnings were $1142.

Can you do the math or should I?

 

[struth]

"Inflation has come down" means prices are still increasing.

Even if inflation is eliminated (goes to zero), the high prices are here to stay.

Biden has single-handedly been responsible for the largest decrease in standard of living in my lifetime.

Sadly true

 

[struth]

We had inflation in 2017-2019 too.

Yep, normal rates. Then xiden and the demafasict came and gave us rates we hadn’t seen in 40 plus years.

 

[struth]

Q1 2021 weekly earnings were $983.
Q4 2023 weekly earnings were $1142.

Can you do the math or should I?

But xidenflation makes the dollar worth less so there has actually been a decline in real wages

 

[Marener]

Yep, normal rates. Then xiden and the demafasict came and gave us rates we hadn’t seen in 40 plus years.

So voting for Trump isn’t going to lower prices.

 

[francoHFW]

Coming up on 3 years of transitory inflation and the latest inflation report is much worse than expected and far from even being close to under control as the Fed says no way to interest rate cuts.

Politicians can lie about anything, but the economy is the one hardest to get away with lies about. Everyone personally knows how the economy is doing as they go about their lives.

Biden insists inflation is ‘temporary,’ ‘expected’ despite $4.7T spending plan

President Biden on Monday insisted that his massive spending plans aren’t causing price hikes, saying inflation is “temporary” and “expected” after the COVID-19 pandem…

nypost.com

Coming up on 3 years of transitory inflation and the latest inflation report is much worse than expected and far from even being close to under control as the Fed says no way to interest rate cuts.

Politicians can lie about anything, but the economy is the one hardest to get away with lies about. Everyone personally knows how the economy is doing as they go about their lives.

Biden insists inflation is ‘temporary,’ ‘expected’ despite $4.7T spending plan

President Biden on Monday insisted that his massive spending plans aren’t causing price hikes, saying inflation is “temporary” and “expected” after the COVID-19 pandem…

nypost.com

Putin, dupe.

 

[Thinker101]

Median wages are up about $700 a month too.

Employed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: 16 years and over

Graph and download economic data for Employed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: 16 years and over (LES1252881500Q) from Q1 1979 to Q4 2023 about second quartile, full-time, salaries, workers, earnings, 16 years +, wages, median...

fred.stlouisfed.org

Yep, just like gas prices. Around here they've gone up about .60/gallon, then when they come down .10/gallon you clowns jump for joy. How fricken stupid can you folks be.

 

[Marener]

But xidenflation makes the dollar worth less so there has actually been a decline in real wages

Where?

 

[Thinker101]

So voting for Trump isn’t going to lower prices.

Yes they will, didn't Obama tell you, Trump has a magic wand.

 

[struth]

So voting for Trump isn’t going to lower prices.

How do you know? All I know is a record number of Americans were better off under him then they are now.

So, it is clearly a better choice then staying on this course of destruction

 

[IDIOCRACY]

Biden has informed us our country's current inflation rate is the lowest in the country. I can't figure out if that's a lie or not, perhaps it's actually the highest in the country.

Bidenflation is awesome.

 

[struth]

Where?
View attachment 919174

Yes real wages are down. Hence why it cost people on avg over 700 more a month to live

 

[Jim H - VA USA]

So voting for Trump isn’t going to lower prices.

This is probably true, except for energy prices, which have been skyrocketing.

But real wages will rise again under Trump, and closing the border will help that greatly.

It's going to take a little while to dig out from this mess.

 

[IDIOCRACY]

Yes real wages are down. Hence why it cost people on avg over 700 more a month to live

ILMAO at $700 more a month. Everything is paid for, and I'm one of one and two dogs. Yet since 2020, it costs me more than another 700 just for food, gas, utilities, internet and phone. And shit, I don't drive far. My regular income is primarily fixed.

 

[Jim H - VA USA]

Putin, dupe.

First Biden said inflation was caused by Trump. Then he called it Putin's price hike. Then he blamed greedy corporations.

His latest story is to focus on the shrinkage of ice cream containers and chip bags while he forces American's to pay for wars and illegal migrations we cannot afford.

Out of touch, with no real plans. He's not even pretending to lead.

 

[Marener]

How do you know? All I know is a record number of Americans were better off under him then they are now.

So, it is clearly a better choice then staying on this course of destruction

Inflation is down to 3%. That’s not a course to destruction.

 

[Marener]

Yes real wages are down. Hence why it cost people on avg over 700 more a month to live

Not according to the data.