And he did what a rather limited POTUS can do in a mostly free-market economy.
March 2024, and the latest data shows food prices have risen a whopping 25.8% since then the election in 2020.
Here’s How Much Grocery Prices Have Increased Since the Last Election
If you feel like your trips to the grocery store have been putting a bigger dent in your wallet lately, you're not imagining things. Food prices in the United States have risen significantly over the...finance.yahoo.com
Now folks one costs of groceries that affects ALL phases of grocery prices... diesel fuel.
We all know that our personal gas prices have increased from 2020 an increase of $1.10 a gallon or 48.7%.May 5, 2024
Here's how to quantify gas, food and homeownership inflation in last 4 years
We have all been adjusting to the challenge of inflation for the past four years or so. Jeff MacLellan explains the numbers.www.columbiatribune.com
BUT the cost of diesel fuel has gone up as this shows:
View attachment 999027
Now groceries are part of "Trucks Carry Trillions of Dollars of Goods. According to the CFS, trucks transported 71.6%".
Most Goods Americans Use in Their Daily Lives Are Transported and Delivered by Truck
Trucks are the main form of transport of goods that Americans rely on, delivering $10.4 trillion of the $14.5 trillion of goods shipped in 2017.www.census.gov
Now for those of you that think the milk you bought at the store...just magically shows up...
There are multiple steps in getting the milk to you and almost all involve trucks using diesel fuel.
So indirectly the price of milk includes the cost of diesel fuel to deliver all the steps to the ability for you to buy your milk.
View attachment 999030
So this was "bullshit"???? He didn't mean it?
I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM
The EFFECT:
Americans due to progressives are paying 44% more for gas of at least 155,520,000 of Americans with driver's license
that commute via their car to work every day. Thanks to " I guarantee We Are Going To Get Rid of Fossil Fuels”
How many people drive in the U.S.? 2025
Over 243 million Americans drive. We look at how that number has changed over time and what will influence the number of drivers in the future.www.consumeraffairs.com
www.forbes.com
Joe Biden and Kamala Harris had open borders, let in 12,000,000 illegals, and gave them free food and free housing totally fucking up the US standard of living. Increasing food demand without increasing supply, that is the definition of wht causes inflation. Don't take my word for it, here is a Philadelphia lady:
what he did do---actually did not work well enough----and I actually believe that with Kamala it's going to get worse. The price of eggs and milk is UNACCEPTABLEAnd he did what a rather limited POTUS can do in a mostly free-market economy.
Administration worked with private companies to resolve transport issues, encourage production while Feds raised interest rates.
Bottom line today is that wage growth has been out growing inflation for a year and half now.
www.forbes.com
YOU ARE A F...KING LIAR! Where are your links? ZERO! How can you so stupidly make your comments without and proof?
The official inflation numbers are a fucking hoax.Here is the not-spun data version of the above:
We got hit with post-Covid recession inflation (which was a global phenomenon) and we've fixed it under Biden's administration.
Wage growth has been higher than inflation for 18 months now:
Isn't free enterprise a wonderful thing?
Groundwork Collaborative recently found that corporate profits accounted for 53% of 2023 inflation. EPI likewise concluded that over 51% of the drastically higher inflationary pressures of 2020 and 2021 were also direct results of profits. The Kansas City Federal Reserve even pegged this around 40%, indicating that sellers’ inflation is now a pretty mainstream idea.
Some quotes by various food industry corporate executives.
“I still think we're capable of taking whatever pricing we need.”
"We are not going to be chasing volume. We're going to be looking to drive profitable volume."
“Pricing will be an important lever for us this year and is expected to drive most of our growth.”
“It’s been surprising how resilient the consumer really is.”
“Our pricing actions, which partially offset the higher input costs, led to higher sales during the quarter.”
“We continue to believe that the majority of that growth will be price driven with a negative volume component.”
Why Your Groceries Are Still So Expensive
Inflation may be leveling off but high food prices are here to stay. Companies have raked in huge profits while selling less food. But it doesn't have to be this way.
www.forbes.com
No they are not, they are controlled by the single largest most powerful country in the world, the USA
Market forces are market forces-----THE TRICK is----how to mitigate theIsn't free enterprise a wonderful thing?
Groundwork Collaborative recently found that corporate profits accounted for 53% of 2023 inflation. EPI likewise concluded that over 51% of the drastically higher inflationary pressures of 2020 and 2021 were also direct results of profits. The Kansas City Federal Reserve even pegged this around 40%, indicating that sellers’ inflation is now a pretty mainstream idea.
Some quotes by various food industry corporate executives.
“I still think we're capable of taking whatever pricing we need.”
"We are not going to be chasing volume. We're going to be looking to drive profitable volume."
“Pricing will be an important lever for us this year and is expected to drive most of our growth.”
“It’s been surprising how resilient the consumer really is.”
“Our pricing actions, which partially offset the higher input costs, led to higher sales during the quarter.”
“We continue to believe that the majority of that growth will be price driven with a negative volume component.”
Why Your Groceries Are Still So Expensive
Inflation may be leveling off but high food prices are here to stay. Companies have raked in huge profits while selling less food. But it doesn't have to be this way.
Your contribution was 100% absent of supermarkets. Forbes was about manufacturers of food.Why Your Groceries Are Still So Expensive
Inflation may be leveling off but high food prices are here to stay. Companies have raked in huge profits while selling less food. But it doesn't have to be this way.
So much BullShiit in 30 words.
Where did the 10,000,000 in 2024 figure under Biden come from? FAKE NEWS!!!
Like any obedient True Believer, the OP starts with the standard premise -- it's all the other tribe's fault -- and works backwards, ignoring and/or missing a great deal.
Trump shut the economy down? How? You might want to check actual history and see who was pushing for businesses to open back up (Trump) and who was all about lockdowns and fining and looking to imprison those who violated lockdowns (Democrats).
Just because fossil fuel production in the US is high does not negate the fact Democrats want to end it; nor does it negate the impact on global producers when Democrats are in power. Conversely, you get a Republican in power and they are about expanding drilling domestically and easing restrictions and regulations on US energy companies, global producers now have incentives to produce more to compete for the market.You need to stop posting Trump Propaganda. It's all bullshit and lies from you.
Fossil fuel production in the USA is at its highest level in history so once again, you're caught lying through your teeth.
EIA Confirms Historic U.S. Oil Production Record
In mid-December I reported that the U.S. had set a new oil production record. The EIA has now confirmed that the U.S. is producing more oil than any other country, ever.
