Who Made Life In The U.S. Unaffordable?

[Natural Citizen]

“Affordability” is the new leftard word — for now.

We should have a thread dedicated to their next faux issue.

Predictions?

Affordability just means purchasing power.

And purchasing power is fundamental to any discussion regarding monetary policy and economic theory.

Are you of the view that purchasing power is a non-issue? If so, then why?

 

[initforme]

Im waiting for the classic blame unions lie.

 

[Lockback]

Fake news.

Real news. And if you don't like it ... tough.

 

[Stryder50]

The Democrats have the most tightly controlled echo chamber ever devised.
Their Cult in impenetrable.
They only ever talk to each other.

Occasionally some members have an epiphany and change to common sense = R.

 

[Natural Citizen]

JWBooth already answered the question in another thread, btw...

Food doesn’t cost more, devalued fiat Monopoly money buys less.
Thank you Joe Biden, Donald Trump, Barak Obama, George Bush II, Bill Clinton, George Bush I, Ronald Reagan, Jimmy Carter, Richard Nixon and their lackeys Jerome Powell, Janet Yellen, Ben Bernanke, Alan Greenspan, Paul Volker, William Miller and Arthur Burns.

Keynesians gonna Keynes...

 

[Independent thinker]

That inflation that topped before dropping after the first 2 Biden years, was the result of the combined Federal Government money dumps totalling over $4 Trillion dollars, Biden's $1.8 Trillion, directed toward infrastructure (which benefits long term production) on top of Donald Trump's $2.2 Trillion, liberally poured across the bottom and middle layers and of course with perks for the top, since it was a Republican Administration. If you dump dollars, like that, creating demand, prices will rise, which we call Inflation, and it does not stop rising, until that money is absorbed on it way back to the top. Equally, true was the rise in wages during the time period. Prices, of course, do not stabilize until consumers cut back or paying the higher prices. The historic observable ratchet effects of pricing. It goes up, but never ratchets back to the baseline, and a new baseline is established. Simple economics, even taught to business students at Wharton, from a 101 course, on up. Yes, Joe had a hand in it, but the larger dumb, not toward increasing efficiencies of the Trump money dump, were the root.

Democrats did everything they could to pour gasoline on the fire, in a number of different ways.

 

[westwall]

Fake news.

Your specialty.

 

[Independent thinker]

The Fed.

You'll never convince dems that Bidenflation was caused by AutoPens Administration borrowing and spending policies

Plus a whole lot of other policies like business regulations, green energy policies, and driving wages up.

 

[Independent thinker]

This has been a true team effort, and the setup for it goes back decades.

Clinton's repeal of Glass Steagall, Greenspan's refusal to regulate the derivatives unleashed by that repeal that damn near killed us, QE/easy money all day in response to all that, private equity buying up FAR too many residential properties, the destruction of the middle class/wealth disparity, a horrific housing supply problem, the unwillingness of our "leaders" (ha ha ha) to work together like adults to create smart reform, on and on and on.

Partisan finger-pointing on this would be ridiculous, which is par for the course in politics.

As with most teams, it is not all about being equal. Dem policies contribute the most while Republican's contribute 35%-40%, meaning dem policies contribute 60%-65%.

 

[Stryder50]

JWBooth already answered the question in another thread, btw...



Keynesians gonna keynes...

Yeah, there is that.

There is also the case of consumers wanting more and having more to chose from.

I grew up in the 1950-60s;

ONE TV in the household, B&W at first, later color.
TV reception was either an antennae on the roof or 'rabbit ears'.

Ten-key adding machine, no PC~Tablets.

One phone and one line, originally had been a party-line. No cells.

Autos had no safety belts, airbags, and just starting to change from clutches to automatics. Am radio only.
A tune-up was change spark plugs (or clean and re-gap), change points and condensor. Set timing with a strobe light.

Music was on vinyl, 45s, 33-1/3 LPs. Tape was reel to reel.

I worked in retail. - we had no bar-codes or scanners. We had cash registers with numbered buttons, mechanical calculator.

Wardrobes were limited in size, we didn't change over each season for fashion.
"tennis runners" were more like $20-$40 today's prices, not $200-$500.

Candy bars were 5 or 10 cents, not a dollar or two.

I could go on, but main point is life was simpler and had a lot less consumer goods to be considered basics, than compared with today, when there are several times the selections and "necessities".

Back then a good pair of long-lasting work boots would cost a days wages. Today it is about the same. Some things haven't changed, many other have greatly.

 

[MagicMike]

First off, it was Biden and the Democrats who had a four year inflation rate total of about 20%. So, when Trump has like 2.8% inflation, it gets added onto the inflation we already had under Democrats. So, prices under Trump are 22.8% higher than prices were four years ago. Then, you have to also consider that the blue states are the ones with higher prices and Trump can't do that much for blue state inflation. Democrats own that.


The Democrats have decided that “affordability” is the issue that will win the next election cycle. Are they daft? The most unaffordable states and cities in the country are Democrat strongholds.

Who Made Life In The U.S. Unaffordable?

The Democrats, of course.

issuesinsights.com

Fake news

 

[Independent thinker]

“Affordability” is the new leftard word — for now.

We should have a thread dedicated to their next faux issue.

Predictions?

They didn't even know what that word was under Biden when things were so unaffordable they kicked the dems out of town. Unfortunately, voters have a short memory.

 

[Independent thinker]

Trump knows that he needs to figure out how to lower prices or the mid-terms will be bad.
More deportations should help, so should lower energy costs.
But beef prices haven't peaked yet, there are some grocery items that are cyclical, and last year's drought hit beef producers hard.

Trouble is, overall, generally speaking, prices as a whole can't lower. Biden and the dems had 20% inflation during their time that is literally cooked into the books. It can't go down without having deflation and deflation is actually bad. Prices can go down on certain aspects of the economy but it is impossible to eliminate the 20% inflation democrats already added onto the economy. And, as the OP article states, there's only so much Trump can do with blue state inflation. They own that and that needs to be pointed out.

 

[Independent thinker]

Biden was gas on the fire

Exactly! While inflation was going to tick up some due to Covid, democrats did indeed throw gas on the fire, forcing inflation up to a four year total of 20%. It didn't have to be that way.

 

[Mack The Finger]

Fake news.

Youre...the king !

 

[Independent thinker]

What absurd propaganda

Then why do you post it?

 

[Independent thinker]

A thought question which they don’t have any ability to respond to

There is a difference between thoughts and feelings. They only have feelings.

 

[task0778]

Who Made Life In The U.S. Unaffordable?​

IMHO, it has to be every administration and Congress since Nixon took us off the gold standard in 1973. Nobody should get a pass, although I have to say the democrats are bigger spenders than the GOP was/is. I have never ever heard the democrats say we should spend less in all that time. Too much gov't overspending is the primary reason why we've seen inflation eat away at the cost of living.

 

[kyzr]

Trouble is, overall, generally speaking, prices as a whole can't lower. Biden and the dems had 20% inflation during their time that is literally cooked into the books. It can't go down without having deflation and deflation is actually bad. Prices can go down on certain aspects of the economy but it is impossible to eliminate the 20% inflation democrats already added onto the economy. And, as the OP article states, there's only so much Trump can do with blue state inflation. They own that and that needs to be pointed out.

The only thing that Trump can do is lower demand for groceries and housing by deporting millions of illegals.
The Law of Supply & Demand says that should lower prices, as demand goes down.

But you are correct that high prices are generally baked in most things, especially beef.

 

[Independent thinker]

Affordability just means purchasing power.

And purchasing power is fundamental to any discussion regarding monetary policy and economic theory.

Are you of the view that purchasing power is a non-issue? If so, then why?

Wouldn't you agree that with supply and demand that when you take away the supply of housing due to massive illegal immigration, it drives the cost of housing up, hurting purchasing power?