Key inflation rate surges at highest rate since June

Explain why Obama said that "where is he (Trump), going to find these new Jobs"(?), and then Trump made him look like the cheesey con artist car salesman character that Obama was.
Obama was right.
Trump never "found" any new jobs, except for the new "Space Force".

Trump Leaving Office With 3M Less Jobs Than When He ...
https://www.newsweek.com › ... › Unemployment
Jan 19, 2021 — Trump has the worst jobs record of any president since Herbert Hoover in 1933.
 
You are such a disingenuous poster. Trump was killing it until he got hit with the biological warfare. So stop your redundant lying ok.
Sure....... and teabaggers keep whining about Carter's economy.
An oil embargo is what caused his economy to fall out, but republicans, IGNORE that.
 
Sure....... and teabaggers keep whining about Carter's economy.
An oil embargo is what caused his economy to fall out, but republicans, IGNORE that.
Carter should have promoted drill baby drill, but he was just an old farmer, so nothing to much was expected when it came to world politics.
 
Carter should have promoted drill baby drill, but he was just an old farmer, so nothing to much was expected when it came to world politics.
WTF?

Aww, isn't that what republicans proposed?
Thanks to republicans, the US must place it's domestic oil up to bid on the world market.
 
The Federal Reserve's preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy.

Friday’s report from the Commerce Department showed that consumer prices rose 0.6% from December to January, up sharply from a 0.2% increase from November to December. On a year-over-year basis, prices rose 5.4%, up from a 5.3% annual increase in December.

Key US inflation measure surges at fastest rate since June
Not to worry. It's only transitory.
 
December 18 2015
The U.S. Congress voted on Friday to repeal the 40-year-old ban on exporting U.S. crude oil in an energy policy shift sought by Republicans.

Congress, concerned about U.S. dependence on imported oil, imposed the crude oil export ban after the Arab oil embargo of the early 1970s that sent gasoline prices soaring and contributed to runaway inflation. Arab members of the Organization of the Petroleum Exporting Countries (OPEC) imposed the embargo following the U.S. decision to re-supply the Israeli military during the 1973 Arab-Israeli war.

Drillers have said lifting the ban would increase U.S. oil security and give Washington's allies in Europe and Asia an alternative source of crude beyond OPEC and Russia. The bill could benefit oil companies including Exxon Mobil Corp XOM.N, ConocoPhillips COP.N and Chevron CVX.N.

Opponents of lifting the export ban said the action would harm the environment and could lead to an increase in fiery derailments of crude-carrying trains.
 
The power of Сapital extends only to what can be bought.
You are for sale - you are a commodity.
You sell your labor - your labor is a commodity.
You are unsaleable - you are independent.
You are unselfish - you are capital's worst enemy, because if everyone followed your example, capital's power would disappear.
 
You can thank your knucklehead Biden and his merry band of idiot's for everything you are experiencing now, but you are just to much of a partisan Democrat hack to admit it. One day maybe you'll wake up, but it's probably to late for that. In the mean time why don't you call Biden and tell him Thanks bud ? After that go outside and see where you might can grow you some food, and maybe find a fresh stream of water, because you're gonna need it. Oh and learn to speak Chinese or Russian while you're at it.

1678282729271.png
 
" Today’s global economy is eerily similar to the 1970s, but governments can still escape a stagflation episode."

Probably the world couldn't avoid it if Uncle Sam still weaponizes the dollar. Yeah, the US national debt is such a big problem. It's kinda like a HUGE pile of junk. Americans enjoy the junk! lol. :)

Source: stagflation | Brookings |
 

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