Trump vowed to slash prices — inflation just hit highest in months

[struth]

The economists on the fed board are not driven by politics but economic indicators. Their two main goals is to keep the US in full employment, as much as possible, and the inflation rate to arounf 2% or slightly lower.
If the fed wanted to help Biden, during his "recession", they would have lowered interest rate.
You, obviously, do not have a clue about what you are talking about. You are a Trump lemming who parrots whatever your cult leader tells you.
Educate yourself. Think for yourself.

They couldn’t lower interest rates because xiden’s and the left’s policies were driving up inflation to record levels.

 

[ElmerMudd]

They couldn’t lower interest rates because xiden’s and the left’s policies were driving up inflation to record levels.

The biggest factor driving up inflation was the pent up demand from covid and the supply chain costs that came with it.
Every nation in the world had inflation, during this period, and Biden was not their President.
The simple minded look for easy reasons. Complex problems are beyond their comprehension. That would be you.

 

[struth]

The biggest factor driving up inflation was the pent up demand from covid and the supply chain costs that came with it.
Every nation in the world had inflation, during this period, and Biden was not their President.
The simple minded look for easy reasons. Complex problems are beyond their comprehension. That would be you.

what pent up demand from Covid?

 

[ElmerMudd]

what pent up demand from Covid?

people were not going to brick and mortar stores, nearly as much, during COVID

 

[struth]

people were not going to brick and mortar stores, nearly as much, during COVID

ok, that's been a trend for years now. How does that cause near double digit inflation in June of 2022?

 

[John Edgar Slow Horses]

.03%, oh my God down from what...you people a such a joke grocery prices and energy prices aren't even included in that which will way up under Joe Biden.. Biden also had two quarters of negative growth which is a recession.. leftist economist couldn't admit we actually had

You understand the full impact of the tariffs are not here yet, right?

Biden's GDP constantly topped Trump.

Trump is in the shitter now.

To: "He's in the jail house now"

 

[Jroc]

If you think it’s bad now, wait until His tariffs kick in.

Tariffs have been in place since April 5th where you been?...must be TDS haze

 

[Jroc]

You understand the full impact of the tariffs are not here yet, right?

Biden's GDP constantly topped Trump.

Trump is in the shitter now.

To: "He's in the jail house now"

Biden GDP included recovering from the Covid shut downs and massive federal government spending not private sector you fool..you TDS people are a joke

 

[John Edgar Slow Horses]

Tariffs have been in place since April 5th where you been?...must be TDS haze

Please, white Christian evangelical nationalist.

 

[John Edgar Slow Horses]

Biden GDP included recovering from the Covid shut downs and massive federal government spending not private sector you fool..you TDS people are a joke

Boy, is he Trump Devotion

Syndrome struck.

 

[Jroc]

Boy, is he Trump Devotion View attachment 1143514Syndrome struck.

That's extent of you're intelligence, be prepared to defend your stupid comments clown

 

[John Edgar Slow Horses]

That's extent of you're intelligence, be prepared to defend your stupid comments clown

You are so TDS.

 

[ElmerMudd]

ok, that's been a trend for years now. How does that cause near double digit inflation in June of 2022?

In 2021 and 2022, inflation was primarily driven by a combination of supply chain disruptions and increased demand, fueled by factors like the COVID-19 pandemic. The pandemic caused widespread supply chain bottlenecks, impacting the availability of goods and leading to price increases.

 

[struth]

In 2021 and 2022, inflation was primarily driven by a combination of supply chain disruptions and increased demand, fueled by factors like the COVID-19 pandemic. The pandemic caused widespread supply chain bottlenecks, impacting the availability of goods and leading to price increases.

Covid hit in 2020, by 2022 we were open again.....try again

 

[Blisterfinger]

The MAGA minions will refuse to believe it. As inflation increases over the months to come, and it will, MAGA will start saying inflation is good.

No, we are not Democrats.

 

[Jroc]

In 2021 and 2022, inflation was primarily driven by a combination of supply chain disruptions and increased demand, fueled by factors like the COVID-19 pandemic. The pandemic caused widespread supply chain bottlenecks, impacting the availability of goods and leading to price increases.

Gas prices during covid when Trump was president... Biden was elected energy prices skyrocketed gas wers almost $5 a gallon Biden energy policies made all forms of energy more expensive i know those energy prices aren't counted in the inflation number they should be the 9% was caused by Joe Biden massive government spending the energy prices drive everything else higher diesel fuel natural gas ect

 

[ElmerMudd]

Covid hit in 2020, by 2022 we were open again.....try again

You cannot be this stupid. Do your own research. I am not making this up. This is the conclusion of all the topeconomists including those associated with Fox news.

You should not believe me,you should not believe Donald Trump without doing your own research. Don't be a lazy ass. Educate yourself. Think for yourself.

 

[ElmerMudd]

Gas prices during covid when Trump was president... Biden was elected energy prices skyrocketed gas wers almost $5 a gallon Biden energy policies made all forms of energy more expensive i know those energy prices aren't counted in the inflation number they should be the 9% was caused by Joe Biden massive government spending the energy prices drive everything else higher diesel fuel natural gas ect

View attachment 1143746

EDUCATE YOURSELF

Gas prices rose in 2021 due to a combination of increased demand as the global economy recovered from the pandemic and reduced refinery capacity, leading to higher crude oil prices and constrained supply. Additionally, some regions experienced localized factors like winter storms and pipeline disruptions, further impacting prices.

Here's a more detailed breakdown:

• Increased Demand:
  As the world emerged from the initial pandemic lockdowns, economic activity rebounded, leading to a surge in demand for gasoline and other petroleum products.
  
  
• Crude Oil Price Increase:
  The global price of crude oil, a key input for gasoline production, increased significantly in 2021 due to the increased demand and other factors like OPEC+ production cuts.
  
  
• Refinery Capacity:
  Some refineries experienced closures or reduced capacity due to maintenance or other issues, limiting the supply of gasoline and contributing to price increases.
  
  
• Low Inventories:
  Gasoline inventories were relatively low in some areas, which exacerbated price increases when demand surged.
  
  
• Regional Factors:
  Severe winter storms in the central US in February 2021 caused disruptions to energy production and distribution, leading to price spikes in those affected regions, according to the U.S. Energy Information Administration (EIA).
  
  
• Pipeline Constraints:
  Pipeline capacity limitations in certain regions, like Appalachia and West Texas, also contributed to price volatility, particularly during periods of high demand or maintenance, according to the U.S. Energy Information Administration (EIA).

 

[struth]

You cannot be this stupid. Do your own research. I am not making this up. This is the conclusion of all the topeconomists including those associated with Fox news.

You should not believe me,you should not believe Donald Trump without doing your own research. Don't be a lazy ass. Educate yourself. Think for yourself.

Not true

Hearing Wrap Up: Biden Admin Ignored Warnings that Trillions in Spending Would Damage the Economy and Spur Inflation - United States House Committee on Oversight and Government Reform

United States House Committee on Oversight and Government Reform

oversight.house.gov

Key Takeaways:

Despite warnings from Republicans and even former President Obama’s own economic advisor Larry Summers that the American Rescue Plan would trigger inflation, the Biden Administration and Congressional Democrats rushed through trillions of dollars in spending and fueled the highest inflation in more than half a century.

• President Biden rushed through spending in the American Rescue Plan, ignoring bot

 

[Jroc]

EDUCATE YOURSELF

Gas prices rose in 2021 due to a combination of increased demand as the global economy recovered from the pandemic and reduced refinery capacity, leading to higher crude oil prices and constrained supply. Additionally, some regions experienced localized factors like winter storms and pipeline disruptions, further impacting prices.

Here's a more detailed breakdown:

• Increased Demand:
  As the world emerged from the initial pandemic lockdowns, economic activity rebounded, leading to a surge in demand for gasoline and other petroleum products.
  
  
• Crude Oil Price Increase:
  The global price of crude oil, a key input for gasoline production, increased significantly in 2021 due to the increased demand and other factors like OPEC+ production cuts.
  
  
• Refinery Capacity:
  Some refineries experienced closures or reduced capacity due to maintenance or other issues, limiting the supply of gasoline and contributing to price increases.
  
  
• Low Inventories:
  Gasoline inventories were relatively low in some areas, which exacerbated price increases when demand surged.
  
  
• Regional Factors:
  Severe winter storms in the central US in February 2021 caused disruptions to energy production and distribution, leading to price spikes in those affected regions, according to the U.S. Energy Information Administration (EIA).
  
  
• Pipeline Constraints:
  Pipeline capacity limitations in certain regions, like Appalachia and West Texas, also contributed to price volatility, particularly during periods of high demand or maintenance, according to the U.S. Energy Information Administration (EIA).

Deregulation lowers energy prices over regulation raises energy prices. And it kind of short is a refinery capacity is because over it's being over-regulated by the I'm legist green energy idiots Biden shut down pipelines