Inflation Highest Since 1991, Outpacing Income Growth

[Weatherman2020]

Yes, I’m looking for the actually factors that caused it not empty partisan attacks. What did the democrats specifically do to cause the inflation in 1991?

Well, for starters our Muslim providers were screwing us on oil prices. Like they’re doing today thanks to Brandon.

 

[jbrownson0831]

You're absolutely sick. Get some professional help.

Typical for a TDS patient to think I am the absolutely sick one.

 

[Weatherman2020]

Everything in there helps Americans it's not pork it's not helping individuals it helps all Americans to move forward in a rapidly changing world.

Shitforbrains thinks middle income and poor get the money from DC for infrastructure spending.

 

[Faun]

Like Obama giving his pals billions who then declared bankruptcy a week after cashing the check?

Oh? To whom did he give billions?

 

[Papageorgio]

To get a sense of what’s happening, let’s look at airfares.

Once the Covid-19 pandemic began last spring, demand for travel plummeted. Folks canceled tickets en masse, delayed vacations and hunkered down as stay-at-home orders took effect. This, of course, led to airfare prices to drop precipitously.

In April 2020, for instance, airfares fell 24% year over year, and they would spend most of the rest of 2020 at these depressed levels. When you compared airline ticket prices in the time of Covid-19 to prices from the before-times, they were typically about 25% less expensive.

But once a year passes, these year-over-year comparisons turn: The June CPI report, for instance, compared vaccine-era airline prices to what they were after Covid-19 struck. So it’s not terribly surprising that June 2021 airline prices were almost 25% higher than a year before, if only because so few people were buying tickets then.

This is one of the key points that the Fed has been pounding away at: You must pay attention to these so-called base effects. Now that vaccines are widely available and Covid-19 cases are dropping, more people will fly. Yes, airline prices are much higher than a year ago, but they remain cheaper than where they were pre-pandemic.

Why Is Inflation So High?

Investors got some good news on Tuesday after a popular measure of inflation came in lower than expected in November. The Labor Department reported that the consumer price index (CPI) rose 7.1% in November, down from a 7.7% gain in October and less than the 7.3% increase economists were expecting

www.forbes.com

It also shows that inflation was at 1.81% 2019 and 1.25% in 2020. So prices didn't recede in 2020, it was the exact opposite, prices increased, your using just select industries to prove your inflation theory is dishonest.

 

[Slade3200]

Well, for starters our Muslim providers were screwing us on oil prices. Like they’re doing today thanks to Brandon.

Hahaha, so the Dems did it but when asked for specifics it’s Middle East oil that did it?! Haha ok got it…. You’re a moron

 

[Weatherman2020]

Hahaha, so the Dems did it but when asked for specifics it’s Middle East oil that did it?! Haha ok got it…. You’re a moron

Ah, so Biden eliminating the energy independence we had under President Trump has no economic impact!

 

[Weatherman2020]

Oh? To whom did he give billions?

The bigger question is why are you so friggen clueless?

Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

A former facility for a Colorado-based solar panel maker that received a $400 million loan guarantee from the Obama administration and eventually went bankrupt last year will cost millions to clean due to the toxic mess left behind, the National Legal and Policy Center said in a report.

www.foxnews.com

Another Stimulus Backed 'Green Energy' Company Goes Bankrupt

Another stimulus-backed green energy company has filed for bankruptcy, further fueling criticism of Energy Department programs that backed highly-risky investments on the taxpayer dime. Like... Read More

www.dailysignal.com

Obama-backed electric car battery-maker files for bankruptcy

The Obama administration granted a $118.5 million stimulus grant to a subsidiary of Ener1.

thehill.com

 

[Slade3200]

Ah, so Biden eliminating the energy independence we had under President Trump has no economic impact!

Sure it’s going to have economic impact. I never claimed it wouldnt. Don’t put words in my mouth

 

[Weatherman2020]

Sure it’s going to have economic impact. I never claimed it wouldnt. Don’t put words in my mouth

And don’t get pissy with me because Brandon has screwed up beyond anyone’s worse expectations.

 

[Faun]

The bigger question is why are you so friggen clueless?

Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

A former facility for a Colorado-based solar panel maker that received a $400 million loan guarantee from the Obama administration and eventually went bankrupt last year will cost millions to clean due to the toxic mess left behind, the National Legal and Policy Center said in a report.

www.foxnews.com

Another Stimulus Backed 'Green Energy' Company Goes Bankrupt

Another stimulus-backed green energy company has filed for bankruptcy, further fueling criticism of Energy Department programs that backed highly-risky investments on the taxpayer dime. Like... Read More

www.dailysignal.com

Obama-backed electric car battery-maker files for bankruptcy

The Obama administration granted a $118.5 million stimulus grant to a subsidiary of Ener1.

thehill.com

That doesn't say, "billions."

I knew you lied. Thanks for proving it.

 

[Weatherman2020]

That doesn't say, "billions."

I knew you lied. Thanks for proving it.

Leftards can’t add either.

 

[BlindBoo]

It also shows that inflation was at 1.81% 2019 and 1.25% in 2020. So prices didn't recede in 2020, it was the exact opposite, prices increased, your using just select industries to prove your inflation theory is dishonest.

Not all sectors decreased in 2020. Energy certainly did. It was huge and it helped offset the increase in other sectors. Now there are very few sectors decreasing in year over year, but it should level off by the end of Q1.

 

[Weatherman2020]

Not all sectors decreased in 2020. Energy certainly did. It was huge and it helped offset the increase in other sectors. Now there are very few sectors decreasing in year over year, but it should level off by the end of Q1.

And unicorns can fly.
Hilarious. Another 4 years of NEXT YEAR IS THE SUMMER OF RECOVERY!

 

[Faun]

Leftards can’t add either.

LOL

Cries an idiot who doesn't know the difference between millions and billions.

 

[Slade3200]

And don’t get pissy with me because Brandon has screwed up beyond anyone’s worse expectations.

First of all Brandon won the race. The dude is a champ.
Second I asked you about 1991. What caused the inflation and what happened afterwards. You can’t answer. You don’t seem to know anything about it so now you’re dodging by trying to rag on Biden. That’s how weak minded you are.

 

[Papageorgio]

Not all sectors decreased in 2020. Energy certainly did. It was huge and it helped offset the increase in other sectors. Now there are very few sectors decreasing in year over year, but it should level off by the end of Q1.

Since inflation on a whole was up 1.25%, it shows that the 5.3% increased is based all industries.

The inflation rate is 5.3% because that is what it is, no excuses because the overall rate rose in 2019, 2020 and now 2021. We will see if it levels off, as long as there are supply shortages, I expect prices to continue to rise.

 

[BlindBoo]

Ah, so Biden eliminating the energy independence we had under President Trump has no economic impact!

US production dropped in 2020 because of the world glut in oil.

Look for that to change with oil over 80.

 

[Stann]

Oh, and a lock on the open gate to illegal invasion and virus infection rate also improves things for everyone right Dimmer??
Well, and US oil production and refinement keeps gas 2 bucks below what we are paying now. And you Dims are the top 1% whether you care to admit it or not.

I realize you think you have all the right answers you don't. Much of what we're experiences right now is a result of what trump did. Honest government cannot work on schemes, and that's all Trump was scheme after scheme after scheme. Try to have a great day, I plan on it.

 

[Stann]

Since inflation on a whole was up 1.25%, it shows that the 5.3% increased is based all industries.

The inflation rate is 5.3% because that is what it is, no excuses because the overall rate rose in 2019, 2020 and now 2021. We will see if it levels off, as long as there are supply shortages, I expect prices to continue to rise.

The resources of this world are finite. The Big Crunch is beginning, if we all cooperate and address it it will crush us all and by all I mean the entire world. No more games we have to get down to business and that is what Biden is doing.