Couchpotato
Platinum Member
- Mar 2, 2021
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Inflation is at 3%. Read a newspaper. Raise your IQ from single digits.
I dont think you understand how inflation works.
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Inflation is at 3%. Read a newspaper. Raise your IQ from single digits.
Never mind that..... They totally ignore the number that is....REAL INFLATION.... That's the one that people have to deal with every time they go to the grocery store or fill up the gas tank.... or try to pay their rent....or their incredibly high deductible on their insurance policy....or make an emergency payment on the car before it gets repossessed.I dont think you understand how inflation works.
The Plutes' Constitution Gave Us the Best Government Wall Street Can BuyExplain how someone makes tens of millions on a $170,000 annual salary
Hugely TrueThe Plutes' Constitution Gave Us the Best Government Wall Street Can Buy
Whether he is a Republican or a Democrat, he is equally bribed by the corporations.
3% on top of what has accrued since Inauguration Day is staggering and damaging to many, maybe most Americans. (Inflation was .03% on Inauguration Day.)Inflation is at 3%. Read a newspaper. Raise your IQ from single digits.
The worst part about the inflation number is that the base comparison set is constantly moving.3% on top of what has accrued since Inauguration Day is staggering and damaging to many, maybe most Americans. (Inflation was .03% on Inauguration Day.)
Since Biden took office real disposable income adjusted for inflation is down 7.5%, home ownership affordability down 37+%, credit card debt up 37+%, monthly savings down 84+%.
You see I do read what's going unlike the morons who swallow and repeat the government propaganda. I also do most of the buying for our household and see how prices are not coming down for most essentials we have to buy.
The total amount adding all the increases in inflation together results in significant double digit inflation. Though incomes have increased, they have increased no way enough to compensate for that inflation. So, depending on whose numbers you use, the average American family has lost $5,000 to $8,000 in buying power since Biden took office. Conversely under Trump individual and family incomes AND buying power increased by thousands even factoring in the disastrous COVID year of 2020.The worst part about the inflation number is that the base comparison set is constantly moving.
So 3% inflation with regard to the most recent base set is probably seven or eight percent compared to the one before it. Government numbers are totally untrustworthy which is why people are scratching their heads listening to the bullshit while they know goddamn good and well they can't afford to live.
Wages increase as employers have difficulty filling positions over and over again. With the massive influx of illegal aliens the wages will go back down very soon.The total amount adding all the increases in inflation together results in significant double digit inflation. Though incomes have increased, they have increased no way enough to compensate for that inflation. So, depending on whose numbers you use, the average American family has lost $5,000 to $8,000 in buying power since Biden took office. Conversely under Trump individual and family incomes AND buying power increased by thousands even factoring in the disastrous COVID year of 2020.
and eats itself Sage....Hereditary Ownership Both Contradicts and Destroys Capitalism
well...the one that people have to deal with every time they go to the grocery store or fill up the gas tank
Stop complaining or put the blame where it belongs.They just figured out that they should raise prices as much as the consumer can take?
Durr
That's business 101.
Always has been.
well...
Stop complaining or put the blame where it belongs.
You can't blame corporations for doing for their shareholders what they're supposed to do which is maximize the bottom line. We could try a government-run co-op for food which would absolutely ensure that everyone would starve to death very rapidly.well...
Stop complaining or put the blame where it belongs.
well...
Stop complaining or put the blame where it belongs.
You read one thing on the internet and now that's your gospel?It's not price gouging when groceries only make 2 cents profit for every dollar in sale.
What is the Profit Margin for Grocery Stores? | The Grocery Store Guy
What is the profit margin for grocery stores? Conventional grocers have a profit margin of about 2.2%, but, natural, organic, and gourmet stores often . . .thegrocerystoreguy.com
They would be threatening grocery store managers and calling in bomb threats.So predictable. If Trump said what Biden said you would agree with Trump.
Why aren’t you smart enough to know the other part of the equation is wages which are even higher?3% on top of what has accrued since Inauguration Day is staggering and damaging to many, maybe most Americans. (Inflation was .03% on Inauguration Day.)
Since Biden took office real disposable income adjusted for inflation is down 7.5% resulting in thousands less in buying power for American families, home ownership affordability down 37+%, credit card debt up 37+%, monthly savings down 84+%.
You see I do read what's going unlike the morons who swallow and repeat the government propaganda. I also do most of the buying for our household and see how prices are not coming down for most essentials we have to buy.
I'm smart enough to be able to read ALL honest economists who agree that wages have not increased anywhere near enough to offset the inflation thus almost all middle class families have lost buying power, i.e. are significantly poorer.Why aren’t you smart enough to know the other part of the equation is wages which are even higher?
Since Biden took office real disposable income adjusted for inflation is down 7.5% resulting in thousands less in buying power for American families
The government in 2020 and 2021 did pay some cash outlays to help folks who weren't allowed to work buy groceries and/or to help compensate businesses who were still paying their idle work forces. That was in both the Trump and Biden Administrations. But considering that and everything else, since January 2021 the middle class American family is underwater in buying power by more than $7,000/yr as of last August. I haven't seen an update on those figures but since prices for everyday necessities has continued to rise, I'm quite certain that hasn't changed a great deal.Disposable income was deliberately propped up via government policy in 2020 and 2021. Using a more appropriate baseline (early 2020, before the pandemic), real per capita disposable income is up 5% today.
The government in 2020 and 2021 did pay some cash outlays to help folks who weren't allowed to work buy groceries and/or to help compensate businesses who were still paying their idle work forces. That was in both the Trump and Biden Administrations.
I think the government should do as little as possible, rescind the appropriations bills for any unspent funds for anything that is not absolutely necessary at this time, and reinstate all the Trump economic and immigration policies that produced the best economy I've seen in my now very long life. The government should promote the general welfare, not provide it. The answer to the economic problems we have is to get government out of it as much as possible and let American ingenuity and work ethic fix it.Do you believe pandemic-era stimulus/relief is the appropriate baseline going forward? Should we permanently reinstate those policies (e.g., eviction moratoriums, student loan pauses, government checks, etc)?