Why inflation can actually be good for everyday Americans and bad for rich people

Discussion in 'Political Opinions & Beliefs' started by Durandal, Jan 10, 2022.

  1. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    No, I was born this way.

    Read the quote you keep re-posting

    "On the surface, things are going well in America. The unemployment rate — at 3.7 percent — is at its lowest level in decades. Annual wage growth recently hit a nine-year high. And the latest figures from the Commerce Department show that the U.S. economy continues to grow."

    Is that 100% gloom & doom? Sure sounds like an admission some things are good. Google "silver linings" to learn what it means.
     
    Last edited: Sep 21, 2022
  2. Collateral Damage

    Collateral Damage Well-Known Member

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    Your home being worth more isn't much of a bonus when your food is bordering on unaffordable, your utilities have gone up, the cost of getting to work has gone up, repairs and maintenance on your house and vehicle have gone up.....

    Each person's situation will be different, but comparing the overall in weighted calculations, don't play out to the positive.
     
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  3. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Please expand on your knowledge on "inflation effect on mortgage affordability".

    More affordable mortgage is the SILVER LINING, and the topic of the thread.

    It seems people are not familiar with the term. Silver lining means a negative occurrence may have a positive aspect to it.

    Why are we suppose to pretend 100% of things we see and experience is all bad? That mindset DOES define pessimism
     
    Last edited: Sep 21, 2022
  4. FatBack

    FatBack Well-Known Member

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    Actually I recently got a raise. You're only going to get so much of a raise where I work at of course. I don't think $14 an hour is very terrible for what I do and the low cost of living where I live but that does not mean inflation does not touch us too.

    Did you take a survey of everyone else to figure out what sort of raise they're getting?

    Since you speak for everyone else I figured you must have done your due diligence or you wouldn't say something like that without knowing if it was true or not.....

    But yes I know you think everything is hunky-dory with this administration and you're an eternal optimist and there's a silver lining and everything is good....

    Tell us again how you're "not a Democrat" so we can get a good laugh after lunch time here.
     
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  5. Zorro

    Zorro Well-Known Member

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    Gee, if only they wouldn't have wasted all that time denying the problem, even claiming that "inflation is good!" before both inflation and the harm it causes became undeniable, and they switched to blame fixing and finger pointing and even MORE inflationary spending rather than real solutions.

    The Fed continues clean up of Biden/Dems red ink orgy.

    Fed Hikes Rates Another 75bps, Sends Hawkish 'Higher For Longer' Signal With DotPlot
    [​IMG]
    ...this is the 'bad' Goldman scenario!

    ALL of this WAS avoidable.

    As the Fed has to deal with the Biden/Dems reckless destructive policy with demand destruction look for a the looming wave of bankruptcies and layoffs followed by crushing deflation as it all implodes.

    'The Fed slashed its economic growth expectations and increased its unemployment rate expectations.'

    [​IMG]

    Not since the Fed was cleaning up after Jimmy Carter and the Dems massive mess a generation ago has the Fed been forced to tighten this hard, this fast.

    'After today’s hike, The Fed Funds rate will have increased by the most amount since the six months ending March 1981.'

    As this continues to crush middle and working class budgets, no one has any tolerance for the blame shifting and denials of Biden and the Dems.

    Biden claims that inflation is "flat" and the problem isn't inflation, it's that we are upset over it! Where are the other Dems who should be openly rebuking his false claims? Largely silent. They have chosen the Biden butt covering narrative over the American People.

    FORTY EIGHT DAYS UNTIL THE VOTERS WEIGH IN!
     
    Last edited: Sep 21, 2022
  6. FAW

    FAW Well-Known Member Past Donor

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    You titled your thread "Cost of Living in the US has risen 14%"....are you HONESTLY trying to pretend like this was an optimistic thread? Of course not. The economy at that time was being almost universally praised and you were trying to throw water on that assessment by focusing upon the negative. This is much different than in this thread where the economy is almost universally criticized and you are cajoling everyone to focus on some obscure positive. You were a pessimist then, and magically an optimist now. I wonder why?

    Or how about in this thread that you also started back in 2018
    U.S. Economy Flashes Signs It’s Downhill From Here | PoliticalForum.com - Forum for US and Intl Politics
    Despite an undoubtedly good economy at that time, you seemingly just KNEW it was going to go downhill from there despite its positive signs. What that you being an optimist or a pessimist? I wonder why?



    Hmmm. I guess this is more of your 2018 optimism?

    You were responding to someone being optimisitc by celebrating big stock market gains that day, but you were having none of it.

    Was this you being optimistic or pessimistic? I wonder why?

    Is this more of your "optimism"?
     
    Last edited: Sep 21, 2022
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  7. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Did I take a survey? Don't be childish. Wage increase stats are common knowledge. They increased 5.1 percent for the 12-month period, so if you make $100K, the you have $5100 more to pay for mortgage, or $425 per month. So the average mortgage is $1,889, so that is quite significant, even when income taxes are taken into account.

    You seem to argue only Democrats can figure this out, and unfortunately that does not speak well about your own reasoning capabilities or those of your fellow fake conservatives.
     
  8. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Read post http://www.politicalforum.com/index...for-rich-people.595971/page-4#post-1073739867

    In the post you keep re-posting I mentioned the things which were doing well, and the thing that was not going well, which is what I am doing this year. Sorry if it offends you. Not sure why you think people should praise everything 100% and whine 100% depending on who is in office. I offered some praise, and some criticism, as I do today. Its called "balanced approach". Try it sometime. You sound like Fatback who calls me a Democrat because I didn't praise Trump 100% of the time like he did, and still does.

    Don't you think "Cost of Living in the US has risen 14%" in 2018 was worth discussing? Its quite a hike. Why was it not ok to discuss it?

    GDP Growth below 3% is not praiseworthy, which is why it was not universally praised, and unfortunately it was all downhill from there. However, there were silver linings as I mentioned.

    Remember when the stock market crashed in early 2020? There was a massive silver lining and we talked about it right here. It was a great buying opportunity. 2020 was bad, but even then there were silver linings.
     
    Last edited: Sep 21, 2022
  9. Hey Now

    Hey Now Well-Known Member

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    MORE Fake News, Biden is not responsible for a world wide inflation and supply chain issues that occurred under the Incompetent Trump Criminal Admin. Joe's got this and inherited a Trump **** show. The women's vote in Nov 2022, fear it!
     
    Last edited: Sep 21, 2022
  10. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    So, the Fed raised the rates again by .75%, which is steep. These hikes keep coming , and every time they come, they smack down any market gains since the previous hike. EU is in process of doing the same, and this pretty much guarantees a recession next year.

    But even so, there is a silver lining, but I'll bet our eternal pessimist friends cannot see it. There are actually more than one silver lining.

    Fed orders another super-sized interest rate hike as it battles stubborn inflation
    https://www.npr.org/2022/09/21/1124...-coming-as-the-fed-battles-stubborn-inflation
    The central bank raised its benchmark interest rate by 0.75 percentage points Wednesday, matching hikes in June and July. The Fed has been boosting borrowing costs at the fastest pace in decades. But so far, its actions have done little to curb the rapid run-up in prices.

    The annual inflation rate in August was 8.3% — down only slightly from the month before. While the price of gasoline has dropped sharply from its record high in June, and used cars and airline tickets have gotten somewhat cheaper, other costs continue to climb, including essentials such as rent, groceries and electricity.
     
    Last edited: Sep 21, 2022
  11. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    So those paying fixed rate mortgage and rent controlled rent are not affected by inflation?
     
  12. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Renters don't have mortgages, so how could they benefit.

    Fixed rate mortgage, - of course they benefit, and especially if you have fixed rate. If you have adjustable rate, then you'll probably beat yourself up for falling in that trap, because the mortgage rate goes up when Fed raises rates, so the premium goes up as well and nullifies the benefit of higher income.
     
  13. FAW

    FAW Well-Known Member Past Donor

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    I have addressed this already. In 2018, you were concerned that people were being too positive so you felt the need to throw rain on the parade, which makes your position back then one of being a pessmist. Today, you are concerned that people are being too negative, so you feel the need to point out a positive, which makes your current position that of being an optimist.

    This means that in 2018 you were a pessimist, and now you are an optimist.

    The balanced approach huh? Lets take a look at ALL of the threads on the economy that you started during the last administration, versus all of the threads on the economy that you have started since the early days of the current administration. I did not cherry pick these threads. If you started a thread relating to the economy I have included it below.



    ProLine Threads started on the economy during the last administration...

    U.S. Economy Flashes Signs It’s Downhill From Here | PoliticalForum.com - Forum for US and Intl Politics
    Cost of Living in U.S. Has Risen 14% Over the Past 3 Years | PoliticalForum.com - Forum for US and Intl Politics
    Bankruptcy-related job losses invoke grim reminders of Great Recession | PoliticalForum.com - Forum for US and Intl Politics
    Economic reality check | PoliticalForum.com - Forum for US and Intl Politics
    63 percent of Americans believe the country is on the wrong track | PoliticalForum.com - Forum for US and Intl Politics

    These are literally every thread you started relating to the economy prior to 2021. Every one of them were undeniably PESSIMISTIC in tone. Not one of them expresses an optimistic tone.


    Proline threads on the economy started during the current administration...

    The Bottom 50% of Americans Are Building Wealth Even as Inflation Bites | PoliticalForum.com - Forum for US and Intl Politics
    US economy adds 528,000 jobs in July, blowing past expectations | PoliticalForum.com - Forum for US and Intl Politics
    Oil falls to nearly 6-month lows after surprise U.S. crude, gasoline build | PoliticalForum.com - Forum for US and Intl Politics
    February jobs report: Payrolls rise by 678,000 as unemployment rate falls to 3.8% | PoliticalForum.com - Forum for US and Intl Politics
    GDP grew at a 6.9% pace to close out 2021 | PoliticalForum.com - Forum for US and Intl Politics
    US Sees Biggest Revenue Surge in 44 Years Despite Covid | PoliticalForum.com - Forum for US and Intl Politics
    Payrolls increase 943,000 in July as unemployment rate slides to 5.4% | PoliticalForum.com - Forum for US and Intl Politics
    US economy surpasses pre-pandemic size with 6.5% Q2 growth | PoliticalForum.com - Forum for US and Intl Politics
    The economy grew 6.4% in Q1 | PoliticalForum.com - Forum for US and Intl Politics
    Jobs report blows past expectations as payrolls boom by 916,000 in March | PoliticalForum.com - Forum for US and Intl Politics
    Fed likely to forecast biggest economic boom in a generation | PoliticalForum.com - Forum for US and Intl Politics

    These are literally EVERY thread that you have started on the economy since you joined this board. Do you notice a difference? These are all undeniably OPTIMISTIC in tone during this admin, and all undeniably PESSIMISTIC during the last administration.

    LOL...So you are expecting us to truly believe that this is an example of you applying a "balanced approach", and that furthermore you are perpetually an optimist as opposed to constantly seeking out the positive during this administration versus constantly seeking out the negative during the last? You are fooling nobody, other than perhaps yourself.
     
    Last edited: Sep 21, 2022
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  14. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    Ok. Please describe how the fixed rate mortgage payer is better off as a result of inflation.
     
  15. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    No, and since I already explained it several times in simple terms, I'll have to assume you are not going to comprehend, or accept the answer. Have a nice day my pessimist friend, and remember that its ok, to see both the good and the bad in every situation. As mentioned in my post from 2018, the silver lining back then was unemployment rate, and today its the issue being discussed in this thread (although the unemployment today is same as it was in 2019).
     
  16. FAW

    FAW Well-Known Member Past Donor

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    LOL....With your full thread started posting history relating to the economy on display above, which illustrates beyond any doubt your undeniable hypocrisy, I do not blame you for wanting to exit the conversation ASAP. The best thing you have going is that only a relative few will have followed this particular exchange.

    "Balanced approach"? HAHA!
     
    Last edited: Sep 21, 2022
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  17. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Again?

    Let's say your monthly mortgage is $1800
    You salary is $100K, or $8,300 per month (before taxes)
    Due to inflation your salary increases to $105K
    Now your monthly income is $8,750
    So, you have $450 per month more to pay for your mortgage, and your mortgage just became 25% more affordable (this example omits income tax, but you get the point, right). If I still had a mortgage, I'd toss that $450 in towards the principal, and a 30 yr mortgage would be paid off in about 17 years and you'd save over $100 000 in total mortgage costs.
     
  18. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Whatever you say my pessimist friend. Maybe you worry about other posters so much.

    If I wanted out ASAP, I would not have taken the time to explain you things in simple terms over and over, but its flying a mile over your hard. What's the point in continuing the repetition. No matter what I say, you'll come back to parrot the same thing about. Its trollish behavior.

    ehe-ehe-ehe
     
    Last edited: Sep 21, 2022
  19. FatBack

    FatBack Well-Known Member

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    Speaking of childish.... You're puerile little insults, grow rather stale and boring.

    We currently have the highest rate of inflation in 40 years and you sit here and tell us that everything is going just great.

    At least I will tell you I'm a conservative while you are clearly a Democrat and you sit here and try to blow smoke up everyone's ass and say you're not.
     
    Last edited: Sep 21, 2022
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  20. FAW

    FAW Well-Known Member Past Donor

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    Worry about them? Not so much, but I am aware that they exist in a public forum.

    This exchange revealed your obvious hypocrisy despite your claims to the contrary. It revealed an undeniable intellectual dishonesty. I know it. Anyone that followed the exchange knows it. Deep down, YOU know it.

    You would have gotten away with it too, if not for that meddling search function.

    [​IMG]

    The mask is off!
     
    Last edited: Sep 21, 2022
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  21. Zorro

    Zorro Well-Known Member

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    Thanks for confirming that Biden and the Dems only have blaming and finger pointing rather than solutions.

    SENATE RACES LOOKING PRETTY GOOD SINCE THE CRAZY BIDEN HITLER FROM THE PIT OF HELL SPEECH

    Wisconsin Johnson (R) +0.5
    Ohio Vance (R) +2.2
    Nevada Laxalt (R) +1.0
    North Carolina Budd (R) +1.6
    Florida Rubio (R) +2.8

    GOVERNORS

    Georgia Kemp (R) +6.6
    Arizona Lake (R) +1.0
    Nevada Lombardo (R) +1.4
    Texas Abbott (R) +7.7
    Florida DeSantis (R) +4.8

    Soaring Inflation Has Soured the Mood as Economy Hits a Downturn

    'Recession: Is the US heading into an 'ugly' downturn?'

    [​IMG]

    Hopes Crushed By Biden/Dems Reckless Spending And Throttling Policies.

    'Soaring inflation - the highest rate since the 1980s - has soured the mood for many. Some Americans are driving less to save gas, forgoing organic produce and looking for deals to save a few dollars.'

    PAIN AND BLAME IS ALL BIDEN AND TOO MANY DEMS ARE OFFERING

    'There's more bad news. The once-roaring housing market is slowing, making the equity locked in property less of a sure thing. The S&P 500 has also taken a hit. The index is down 19% for the year, disappearing trillions in wealth and suddenly making everyone from young investors to soon-to-be retirees sweat.'

    BIDEN/DEMS HAVE DESTROYED $TRILLIONS IN WEALTH IN A MATTER OF MONTHS.

    Wealth was climbing so nicely during the Trumpian Era of Prosperity, then Biden/Dems took over and destroyed it more completely and quickly than anyone thought was even possible.

    [​IMG]
     
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  22. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    In your example, the tax man is the only one getting a raise. The cost of living easily consumes that $450.00. ($315-$340 after taxes)
     
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  23. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Yes, you worry about them. Its all you talk about. Well, I guess "obsess" is a better word, because you just keep parroting stuff about what you think about other posters.

    Get the heck over it.

    If you want to praise your political leader 100% of the time, and cuss the other party leader 100%, then be my guest. I don't see things 100%, so we'll just have to agree to disagree.
     
  24. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    If your tax rate is 100%, then so be it. Sorry to hear.
     
  25. FAW

    FAW Well-Known Member Past Donor

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    What I "worry" about is maintaining my credibility because integrity is very important to me.

    I also enjoy exposing blatant hypocrisy and intellectual dishonesty when it exists.

    I have succeeded on both fronts.
     
    Last edited: Sep 21, 2022
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