Inflation down AGAIN

[Marener]

It sure does, creates American jobs. It’s why creepy didn’t stop them

I asked how it affects inflation, not jobs.

Pay attention.

 

[MagicMike]

View attachment 1026021

Thanks for the graph. Unfortunately though it doesn't really tell the whole story.

President Donald Trump inherited an SPR with a level of 695 million barrels. For each of his first three years in office, the level of the SPR declined. By the end of 2019, the level had fallen by 60 million barrels to 635 million barrels.

But then on March 19, 2020, President Trump directed the Department of Energy to fill the SPR to maximum capacity to help support domestic oil producers during the Covid-19 pandemic. Funding was blocked by Congress, but 2020 did see a slight increase in the SPR to 638 million barrels. However, President Trump became the first Republican president in the history of the SPR to see a net decline in the SPR volume during his term.

President Joe Biden inherited an SPR at 638 million barrels. However, first in response to rising gasoline prices, and then as a result of Russia’s invasion of Ukraine, President Biden announced the most aggressive SPR drawdown in history. During his first two years in office, the SPR was drawn down by 266 million barrels. So far in 2023, another 25 million barrels have been sold from the SPR.

ExxonMobil Announces Major Progress In Carbon Capture Project

ExxonMobil continued the advancement of its carbon capture and storage plans with a pair of major announcements this week.

www.forbes.com

 

[MagicMike]

Most educated economist know the factors that drive it.

That’s why they mock harris with her price control plan

Are these economists in the room with us right now?

 

[Lesh]

Inflation was rising by mid 2021, worst mid 2022 and by 2023 had been coming under control.

Because of Covid we dumped an enormous amount of money onto the economy. Both Trump and Biden . Most of that money went to US. So it helped pay for that early inflation. Or have you forgotten those checks we all got?

Tht excess money has largely been shaken out of the economy now and inflation is back where it was five years ago.

And for what it’s worth, Fed policy has a lot to do with inflation. By increasing and decreasing the money supply they keep it in the 2-3% range.

 

[Marener]

Because of Covid we dumped an enormous amount of money onto the economy. Both Trump and Biden . Most of that money went to US. So it helped pay for that early inflation. Or have you forgotten those checks we all got?

Tht excess money has largely been shaken out of the economy now and inflation is back where it was five years ago.

And for what it’s worth, Fed policy has a lot to do with inflation. By increasing and decreasing the money supply they keep it in the 2-3% range.

It’s impossible that an educated conservative doesn’t know this.

But they’re very well conditioned to deny their own intelligence when it contradicts dear leader.

 

[MagicMike]

Inflation was rising by mid 2021, worst mid 2022 and by 2023 had been coming under control.

Trump's economy actually sucked big time. He is fond of talking about all the "prosperity" he created but it was just smoke and mirrors.
He often cited the stock market as a metric but that was bullshit. Most Americans were working two or three jobs and still living paycheck to paycheck.
Within two months of the start of the pandemic all of these "prosperous" Americans were in need of government stimulus handouts to make basic ends meet.
Why?
Because there really wasn't any true prosperity. It was just a sound-bite.
Illusion. Meanwhile though yeah, his billionaire buddies were cleaning up.

 

[Robert W]

Haitians eating pets?
Dems are steering hurricanes

You don't care so long as you get to defend aliens.
IF they would just manage climate as they claim, they would steer hurricanes. You better believe it.

 

[Dragonlady]

1) inflation is caused by the dollar losing value because the govt flushes the market with cash. Li3ke when harris and xiden and a dem congress passed the inflation Covid bill when they took. office when it wasn’t needed
2) price gouging would b, for example, if a water bottling company would charge massive amounts of money for bottle water for Asheville NC right now.
3) what are those factors she’s going to cap profits on?

1. Nice try, but your dollar has never been stronger than it is right now. Inflation is caused by shortages of goods or workers, causing prices to rise. With worldwide production shut down, demand for everything outstripped supply. Once production was sufficient to meet demand, inflation cooled.

2. Price gouging is increasing your profit margins under the cover of higher costs, like the grocery industry has done. Wash, rinse and repeat for oil companies.

3. There are known and standard profit margins for every industry. I used to know them when I was a banker, because I had to complete an analysis of corporate applicants' financial statements. Looking at the profits of public companies is very easy. Announcing record profits encourages investment.

One need only need to look at the published financial statements of all publically held companies announcing record profits. If their margins are out of whack, as is the case with grocery stores, it's a given that they were gouging during the pandemic and the recovery.

 

[Lesh]

You don't care so long as you get to defend aliens.
IF they would just manage climate as they claim, they would steer hurricanes. You better believe it.

You are seriously deranged

I’m not defending aliens. I’m pointing out that they are not the root of all evil

 

[struth]

1. Nice try, but your dollar has never been stronger than it is right now. Inflation is caused by shortages of goods or workers, causing prices to rise. With worldwide production shut down, demand for everything outstripped supply. Once production was sufficient to meet demand, inflation cooled.

2. Price gouging is increasing your profit margins under the cover of higher costs, like the grocery industry has done. Wash, rinse and repeat for oil companies.

3. There are known and standard profit margins for every industry. I used to know them when I was a banker, because I had to complete an analysis of corporate applicants' financial statements. Looking at the profits of public companies is very easy. Announcing record profits encourages investment.

One need only need to look at the published financial statements of all publically held companies announcing record profits. If their margins are out of whack, as is the case with grocery stores, it's a given that they were gouging during the pandemic and the recovery.

Wow you are just dumb

 

[Robert W]

Wow you are just dumb

You know who is extremely dumb, the clown who keeps posting it is post #9

 

[Lesh]

You know who is extremely dumb, the clown who keeps posting it is post #9

On a different thread?

Back to bed gramps

 

[AzogtheDefiler]

Inflation was rising by mid 2021, worst mid 2022 and by 2023 had been coming under control.

Define “under control”

Prices still too high. People are struggling. Two global conflicts. Border is a disaster. All add to inflation. You’re dumber than a tree stump.

 

[Lesh]

Define “under control”

Prices still too high. People are struggling. Two global conflicts. Border is a disaster. All add to inflation. You’re dumber than a tree stump.

Under control. The same as it was in 2019. 2.3%

Do you want deflation?

Are you that stupid?

 

[Missouri_Mike]

Really? What was inflation in 2019?

Let me help you out

It was 2.3% same as now

Ok, way less than the democrats 8% and 5% in the following years. So once inflation has jumped that high you think we should forgive you for bringing it back down to normal? **** off. We’re still paying the higher prices you asshole. Your failures don’t go away by just getting back to almost normal.

 

[Missouri_Mike]

Inflation was rising by mid 2021, worst mid 2022 and by 2023 had been coming under control.

The bidumb/camela team got their inflation kind of under control after buttfucking the country for three years. How am I supposed to think that’s impressive?

 

[Lesh]

Ok, way less than the democrats 8% and 5% in the following years. So once inflation has jumped that high you think we should forgive you for bringing it back down to normal? **** off. We’re still paying the higher prices you asshole. Your failures don’t go away by just getting back to almost normal.

So you understand that inflation NOW is about as low as it can get.
You want to punish Dems for something that both Trump and Biden did (out of necessity)

I see

 

[Missouri_Mike]

Under control. The same as it was in 2019. 2.3%

Do you want deflation?

Are you that stupid?

It’s 2.4 today, you got all upset when I said 2.5 so let’s at least be consistent in your outrage. You do realize this was five years ago right? Since then we have had 8 and 5 percent. All that 2.4 today means is we get to pay the compounding inflation rats of the last four years and you think just getting it back to normal is worthy of four more years in office? Are you retarded?

 

[Missouri_Mike]

So you understand that inflation NOW is about as low as it can get.
You want to punish Dems for something that both Trump and Biden did (out of necessity)

I see

Trump didn’t do that. **** off with that shit. He had an economy raising wages, providing jobs and low inflation until you idiots figured out you were going to lose the next election so over reacted to covid.

 

[Marener]

Define “under control”

Prices still too high. People are struggling. Two global conflicts. Border is a disaster. All add to inflation. You’re dumber than a tree stump.

3% is under control.

None of your issues make nearly as big of a difference as massive expansion of monetary supply and massive government spending during COVID.

You know, the factors you refuse to acknowledge even exist.