Inflation puts a strain on grocery shopping for Americans

Discussion in 'Current Events' started by sec, Nov 4, 2021.

  1. FreshAir

    FreshAir Well-Known Member Past Donor

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    seems to be a trend

    Clinton passed off Bush a growing economy
    Bush passed off Obama a failing economy
    Obama passed off Trump a growing economy
    Trump passed off Biden a failing economy
     
  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    If there is something in your cite you want to say then say it, give me the Cliff Notes I have followed to many blind links.

    I gave you examples of what he did and is doing that did and will hamper our domestic energy supplies and independence. Now cite me what he has done to improve that. Where has he opened up more offshore and on land drilling? What pipelines is he getting underway? Is he just impotent? He RAN FOR THE OFFICE, he asked for the job, what's he doing about it now?
     
  3. Bluesguy

    Bluesguy Well-Known Member Donor

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    Bu government fiat we are against rising wages, not by the free marker, learn the difference.
     
  4. FreshAir

    FreshAir Well-Known Member Past Donor

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    so when is this free market gonna raise wages

    why are we blaming Biden vs the free market for inflation? the free markets sets the prices and the wages
     
    Last edited: Nov 11, 2021
  5. SouthernFried87

    SouthernFried87 Banned

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    Ummm…. Because all this started the second Biden swore in.
     
  6. Bluesguy

    Bluesguy Well-Known Member Donor

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    As it always has, when the labor market constricts, supply and demand. Did it under Bush/Rep and Trump/ Rep policies to lower unemployment to historic levels with rising LFPR. Biden is the one doling out the money people can live off and not work, printed money which is inflationary and by government fiat shrinking the available/willing workforce and then of course his energy policies to make fossil fuels more expensive.

    I certainly can't recall I time where I got a wage increase because of the government do you really wait on the government just give you more money?
     
    Last edited: Nov 11, 2021
  7. FreshAir

    FreshAir Well-Known Member Past Donor

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    then wages should be increasing big time
     
  8. FreshAir

    FreshAir Well-Known Member Past Donor

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    the fact you think it did, would show you don't think it has anything to do with Biden then
     
  9. Space_Time

    Space_Time Well-Known Member

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    How many businesses could afford this:
     
  10. independentthinker

    independentthinker Banned

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    Because many people don’t need a living wage and that helps keep prices low for everyone, including the poor.
     
  11. FreshAir

    FreshAir Well-Known Member Past Donor

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    yeah, then the right should not whine about welfare, medicare and food stamps, as that is the cost of cheap labor

    either the tax payers pay or the employer
     
    Last edited: Nov 12, 2021
  12. Zorro

    Zorro Well-Known Member

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  13. Hollyhood

    Hollyhood Well-Known Member Past Donor

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    You don't understand the issues. I doubt you understand the political policies from the 1970s-present that are currently causing the economic mess were undergoing. Let's just start with the fact that Trump didn't pass Biden a failing economy, because it was already recovering when Trump left office, and should have continued thanks to his investment and purchase of the Covid vaccine. The last two quarters of Trump's administration saw growth as the economy reopened, and inflation actually dropped and stagnated. Green energy, pharmaceutical and technology (in general) stocks were booming into 2021. The tax credits has enabled people to buy solar panels that have been going up everywhere in my mostly Republican community, and the Covid-19 pandemic has made prices more appealing. Cleaner Natural Gas is 40% of our energy. There's no reason for us to be in a crisis, but for Biden's total disdain for the oil industry. We had a deal with Saudi Arabia to lower supply while our companies were hurting last year, and increase supply among OPEC countries when the economy reopened. It's all part of the Middle East Peace Deal that Biden tried to F up when he pulled military contracts from the Saudis, attempted to negotiate with their enemy (Iran), and then called Saudis "parasites".

    To your point about the trend, you seem to forget Jimmy Carter, Reagan, and Bush Senior. These administrations are important to understanding the history of the administrations you mention. Why? Cause digital industries started to receive private capital. Clinton was tremendously lucky to have followed Regan and Bush. Low Inflation and Private Capital allowed PCs, digital cameras, video games, CGI, electronic music, and mobile phone industries to grow during the Reagan and Bush era. We start seeing the global semi-conductor industry boom in the 1980s, and then exploded in the 1990s. China became a dominant force in the semi-conductor industry in the 1990s, because they mined all the resources at a cheap price. The United States was unable to compete with China, and California shut down the last of rare earth metals needed to make semi-conductors cause they were unable to compete with China's low prices. The explosion in technology was primarily due to the cheap rare earth resources that was exported from China. It was Carter Reagan, Bush and Clinton that re-established trade with China, and 'normalized' relations between Asian countries. Clinton accelerated Chinese Growth into US markets with the free trade agreement, but it was also the work of establishment Democrats and Republicans. This eventually caused the manufacturing recession, so the whole idea that Clinton left Bush with a good economy is bunk. https://www.shmj.or.jp/english/trends/trd80s.html

    BTW... Bush left Clinton with a growing economy, and Clinton left Bush with a floundering economy with a growing subprime mortgage and risky mortgage-backed security industry.
    Part of the growth seen during the Clinton economy was due to the growing subprime mortgage and home equity loans, as well as subprime automobile market. Re-REMIC (mortgage-backed securities) started to enter the picture. In fact, the total amount of home equity lines of credit that were subprime comprised 25% of the market when Clinton left office. Subprime mortgage origination for homes comprised 10% of the market. The number of subprime mortgages originated by lenders soared to 997,000 by 1998 from 104,000 in 1993. The Clinton administration initiated the financial collapse, and nobody could stop it. Clinton HUD secretary Andrew Cuomo, for one, plunged Fannie Mae and Freddie Mac into the fringe subprime market, announcing in a 2000 HUD report, "(Their) expanding presence in the subprime market could be of significant benefit to lower-income families, minorities and families living in underserved areas." In 1992, then-presidential candidate Bill Clinton recommended using private pension funds to "'invest' in government priorities, such as affordable housing, to 'generate long-term, broad-based economic benefits,'" Gramm, now senior partner at US Policy Metrics, and Mike Solon, a partner at US Policy Metrics, write in The Wall Street Journal. Then there was Glass Stegall, HUD policies, and the whole notion that poor people should not be left out of home ownership. I also blame Bush and establishment Republicans for allowing these policies to continue.

    Also, the economy under Obama wasn't so great. Like Biden, Obama was given an economy that was recovering due to the bank bailout, and his economy was floundering around at the end. His Avg. growth was 1.6%, lowest among modern Presidents until Trump. I don't blame Obama for the economy, because it was the fault of Carter, Clinton and Bush Jr. that our economy is hampered (China, Housing), and I actually think Healthcare had a stabilizing effect on our economy. But it was that damn bailout that saved the US. I hate to say it cause I don't like see those A-holes that got us into this mess receive taxpayer funds, but the economy would have collapsed if our country if those banks didn't have the money to stay liquid for a several months.
     
  14. James California

    James California Well-Known Member Past Donor

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    ~ "We've only just begun..." to suffer . Hold on to your bippy boys & girls . :bleh:
     
  15. Hollyhood

    Hollyhood Well-Known Member Past Donor

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    Oh yeah. I've come around to the idea about stagflation as one catalyst for America's economic woes. I didn't really understand that the economy can shift between inflation and stagflation, as the latter can trigger the former like it did in the 1970s during the oil shock. But that pretty much sums up the present-day scenario with the caveat that Covid-19 policies will sporadically interfere with economic policies.

    I ready for it. I've been ready. I'd say 50% of the country is totally unprepared for it. Just think about all those people watching the idiot propagandists on CNN and MSNBC. It can take several months to a year before that audience is informed of the news. I started hearing about Covid-19 in November 2019, and it wasn't a big story until like February or March. By that time, I had plenty of goods and masks, but not toilet paper. Who knew?
     
  16. FatBack

    FatBack Well-Known Member

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    Democrat Math, pretzel logic and magical thinking it's all they have.
     
    Last edited: Nov 12, 2021
  17. TRFjr

    TRFjr Well-Known Member Past Donor

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    ever heard of a global market?
     
  18. TRFjr

    TRFjr Well-Known Member Past Donor

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    when you get a 5% raise but everything cost 5% more did you actually get a raise?
    and by the way wage increase cause inflation
     
    Last edited: Nov 12, 2021
  19. TRFjr

    TRFjr Well-Known Member Past Donor

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  20. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Totally.
    Pretzel Logic is Good:
    [​IMG]

    BUT--I like Can't Buy a Thrill better:
    [​IMG]

    In any event, I don't see the current inflation situation abating anytime soon.

    And, I really dread the sticker shock that is coming (in home heating costs) if the USA has an unusually harsh (and cold) winter.

    Most of this wouid be happening regardless of who was President.

    But, to the extent that anybody is under the misguided impression that this is "Biden's Fault", it was a small price to pay to rid America of the Scourge of Trump.
     
  21. independentthinker

    independentthinker Banned

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    That does not relate to my post. I said that many people don't need a living wage, such as high school kids, college kids, adults who just want to supplement their income, or seniors just wanting to supplement their income. These people don't need a living wage and should be the backbone of the labor force for retail, restaurants, etc so that Americans can pay cheaper prices for goods. If you need a living wage to survive then you shouldn't be working these types of jobs. It's not these employer's faults if people choose to work at a place that doesn't pay a living wage. A 16 year old high school kid doesn't need a living wage and neither does the others that I mentioned.
     
  22. sec

    sec Well-Known Member

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    actually, it's not Biden's fault and I agree with you on that. He simply occupies the office while policies are made by un-elected, Democrat folk.

    The problem aka this train wreck rests solely at the feet of every single Democrat voter. Y'all knew what you were getting by voting Democrat.

    If you didn't know, then shame on all of you.
     
  23. FreshAir

    FreshAir Well-Known Member Past Donor

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    Trump shutdown the economy for 30 days with his Presidential shutdown guidelines, that started this domino effect
     
  24. FreshAir

    FreshAir Well-Known Member Past Donor

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    if you don't get the 5% raise, are you better off?
     
  25. FreshAir

    FreshAir Well-Known Member Past Donor

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    why should they not be paid a living wage too?

    do you think CEO's need huge mega-million dollar salaries?
     
    Last edited: Nov 12, 2021

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