https://www.foxbusiness.com/economy/federal-reserve-inflation-pce-consumer-prices-december-2021 HYPERLINK has full article snip Prices soared by 5.8% in the year through December, according to the personal consumption expenditures price index data released Friday morning, beating out the previous month's increase of 5.7% to become the fastest inflation pace since 1982.................. The inflation spike largely reflected surging energy costs, which rose 29.9% from a year ago, and food costs, which were up 5.7% over that same time period. end snip Another month of results reported and we see that Democrat policies continue to harm us. I do not see any silver lining in what is yet another month of record breaking inflation. Once again we tried the Democrat experience and once again, it fails the regular folk. Democrat votes have consequences; it always causes harm
Q4 GDP: US economy expanded at 6.9% annualized rate, topping expectations https://finance.yahoo.com/news/q4-gdp-us-economic-activity-recovery-192945002.html Thankfully the economy grew even faster. Better than those 2% years when we were printing money to prop up a failed administration I guess.
borrow money, give to folks and have them spend it but those same people have to repay the borrowed money. Interesting way to try and spike the ball about GDP Absolutely pathetic if that is what you need to measure. We've had the vaccine and treatments for quite some time. Free stuff should have been stopped a while ago Democrat votes have consequences; always harmful
GDP is now a “pathetic” measurement? Strange, that was why the right complained about Obama that he didn’t grow the economy quickly enough — I guess it was so low under the prior administration that y’all have had to abandon that metric as well. Not to mention the dangerous and short sighted fiscal policies that are now having to be reeled in.
the free market is awesome for measuring gdp when you count government cash being spent by consumers, which has to be repaid in the form of punitive taxes upon the productive, is nothing to cheer Are you really that much of a hardcore Democrat voter that you cannot see reality?
How Many Threads do we need about this? We've ALREADY Heard about this "4 Decade thing"? http://www.politicalforum.com/index...-in-december-highest-rate-in-40-years.596029/ http://www.politicalforum.com/index...-in-39-years-as-consumer-prices-surge.595389/ http://www.politicalforum.com/index...s-as-consumer-prices-soar-6-8-percent.595025/ Is the Entirely NEW Info? Or just RE-Hashed BS? What is, "NEW" about this info, that necessitated another thread? Material wearing thin to fulfill the Daily Quota of Inflation Threads on Page One? http://www.politicalforum.com/index.php?search/54154137/&q=Inflation&o=date&c[user][0]=6512 In any event, even though this is yet another repetitive thread about the SAME "in 4 Decades" phenomena, I shall address the topic: From the Link: The reports will likely reinforce the Fed's decision this week that a March rate hike is appropriate as central bank policymakers seek to keep prices under control and combat the hottest inflation in nearly four decades. ^Does anyone feel that this move by the Fed will do anything tangible? (To help Hundreds of Millions of Americans who are in the Worst Economic Crisis since the Great Depression?) A "Scourge of Inflation" so soul-crushing that it makes the Grapes of Wrath look like a Caribbean Vacation? In any event, the Link in the OP (apparently) represents "NEW Information". And, this rampaging inflation (that leads to repetitive thread after repetitive thread) is exploding at such a lightning pace that there could be a "New" Inflation Thread every hour. With events moving that rapidly, there may be reason to start a MoveOn.org Petition to get a Separate (Dedicated) Section at PF...Just Dealing with "Inflation" (and ONLY "Inflation"). ^Sounds like a Plan. https://sign.moveon.org/ And, of course, as is to be expected: When inflation (inevitably) recedes, one has every right to assume that the requisite 20 Threads a week (currently being dedicated to the subject of inflation) will be shining a light on inflation going down. In any event, here is a good piece from last month enumerating the root causes: Republicans blaming inflation on Biden are also conveniently forgetting the trillions of dollars in spending passed in 2020 supported by Republicans and signed by then-President Donald Trump, which economists say have also contributed to inflation. https://www.cnn.com/2021/12/12/economy/inflation-blame-pandemic-biden-corporations/index.html And, speaking of "consequences".... What a Completely Novel (and Original) Take... I wish that I had thought of that one... I am glad to see that word used for the 1st Time EVER at PF: http://www.politicalforum.com/index.php?search/53577163/&q=consequences&o=date&c[user][0]=6512 And, a quote from the OP: "Democrat votes have consequences; it always causes harm" So? Why the CHANGE of Heart? B/c "Always" means 100% of the Time... And, by your own admission, there is (AT LEAST) ONE Good Economic Consequence due to the Biden Presidency. B/c in another thread you claimed that: Yet another example of how this administration is helping small business. This business owner is providing goods that are in demand, and the consumers are responding. This administration is providing an environment which helps this particular business owner. http://www.politicalforum.com/index...ew-england-business-is-very-very-good.595576/ Once again, "Always" means 100% of the Time... Anyway: All of this "inflation" seems like the logical consequence of a Worldwide Economy getting jump-started after a Pandemic. And, it would be happening (anyway) regardless of who was the President. ^And, nobody can PROVE Different.
And just think we did the vast majority of it to ourselves when we, through greed, shipped most of our manufacturing off to the cheapest labor market and now the long term consequences are coming home to roost.
I don’t really consider myself a hardcore Democrat as I do an anti-Republican. I went from voting about 50/50 to never voting Republican again — largely thanks to individuals such as yourself. The reality is that while the extreme right was salivating over the meager GDP growth of the prior administration while they were engaged in massive QE to obtain those sad numbers placed these events in motion. COVID and the global supply chain issues only accelerated it. While Democrats have done little to change course this has been in the works for quite some time due to poor fiscal policy. That you were silent then and believe this is due to Democratic policies only shows which of us is a “hardcore” partisan.
uh huh find a post or thread from me trumpeting the GDP during the past admin sadly, the true partisan is exposed defending their Democrat vote
I'll do it for you And then COVID hit and the DNC systematically brought the entire U.S. economy to it's knee's with the help of the Chineses!
Global inflation remains a serious problem, but the United States has done an admirable job of dealing with it . Inflation is low, as is unemployment, and wages are increasing, surprising many doomsters. Wages are finally rising faster than inflation Lower inflation brings high hopes for 2024 BY TAYLOR GIORNO AND ARIS FOLLEY - 12/22/23 The personal consumption expenditures (PCE) price index dropped to a 2.6 percent annual gain in November, according to data released Friday by the Bureau of Economic Analysis. October’s PCE price index was also revised down to a 2.9 percent year-over-year... ... Within goods, the leading contributor to the decrease was gasoline and other energy goods (led by motor vehicle fuels, lubricants, and fluids),” the Bureau of Economic analysis wrote as part of its latest analysis... “We entered 2023 worried about inflation and how many more times the Fed was going to raise rates,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, in a statement. “But we are ending 2023 surprised at how low inflation has come down – especially as unemployment has remained so low – and are wondering how many times the Fed will cut.”
