Monthly US inflation to return to 0.2-0.3 pct in second half of 2022: Yellen

Discussion in 'Current Events' started by sec, Nov 23, 2021.

  1. ButterBalls

    ButterBalls Well-Known Member

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    Oh they went up LONG BEFORE the holiday season ;)
     
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  2. Egoboy

    Egoboy Well-Known Member Past Donor

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    Completely untrue... the CPC simply wanted (and, for some reason, expected) the 2 bills to go together. It was known from day 1 that there would be 2 bills, due to the fact the GOP would only be involved in one of them... and progressive D's supported both...

    That the CPC thought the harder BBB was a bill more focused on what they wanted to deliver doesn't mean they didn't generally support the BIF as well...
     
  3. sec

    sec Well-Known Member

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    yeah, but toss out a Democrat lie and maybe some will believe it
     
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  4. Egoboy

    Egoboy Well-Known Member Past Donor

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    Seems like Joe did something right with the supply chain situation

    SNIP
    Walmart Inc Chief Executive Doug McMillon on Monday hailed the Biden administration's efforts to ease supply chain bottlenecks as the holiday season gets underway, noting the decision to extend port hours was having a positive impact on the flow of goods.

    "We are seeing progress. The port and transit delays are improving," McMillon told President Joe Biden during a White House meeting with CEOs to discuss supply chain issues.
    ENDSNIP

    https://www.yahoo.com/news/biden-meet-ceos-supply-chain-134413344.html

    It's not fully solved, but it is calming to watch the return to boring US competence when a problem strikes...
     
  5. Pro_Line_FL

    Pro_Line_FL Well-Known Member

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    LOL. McMillion would be a heck of a name for a CEO. There is only one 'i' missing from his name.

    Good news about the supply crunch, and I hope the new Covid variant doesnt make it worse again.
     
  6. Egoboy

    Egoboy Well-Known Member Past Donor

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  7. Egoboy

    Egoboy Well-Known Member Past Donor

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    Well, since the D's are making up new variants when needed, I suppose they can make them disappear when needed too....
     
  8. notme

    notme Well-Known Member

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    As far as I know, the inflation is mostly driven by high oil prices. And the price of oil is predominantly dependent on what OPEC does, and no US president has any influence in OPEC. The other part that drives inflation is the supply and demand of things. The demand is up, since the Trump and Biden both pushed through stimulations bills, while the supply is sitting at the ports. And Biden made no policies to slow down the supply chain at the ports. The ports simply are not doing their work how they should be doing, and the president isn't responsible for the chaos there. Heck, I think the president is not even able to do something about it since it has nothing to do with federal government.

    And I don't think I'm telling you anything new. This is just right wingers pinning the blame on the president to make dirty cheap shots.
     
  9. notme

    notme Well-Known Member

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    Did Biden install an oil price mandate?
     
  10. Egoboy

    Egoboy Well-Known Member Past Donor

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    See post #79.... he may not have caused the problem(s), but he seems to have jarred something loose...

    If it affects the country as a whole, the president should almost always be able to do "something" about it... whether that "something" is effective or not can always be debated...
     
  11. cabse5

    cabse5 Newly Registered

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    You need to brush up on your economics. The reason for the high inflation is too much of a demand for goods and services including the massive infusion of federal money which drives the price of goods and services through the roof. One of the reasons there are too few goods and services to accommodate the high demand for goods and services is the Brandon mandate economy which puts massive regulations on the production and availability of goods and services.

    Brandon can be blamed for many massive infusions of federal money/demand for goods and services with the passage of the 1ST infrastructure bill and possibly Build Back Better, for examples.
    Brandon can be blamed for the high price of gasoline since Brandon made it very difficult for new gas pumping and refining in the US, for examples.
     
    Last edited: Nov 30, 2021
  12. Pro_Line_FL

    Pro_Line_FL Well-Known Member

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    Yes, there are two buttons for that purpose on Biden's desk, one is labeled "+" which increases Covids, and the other is "-", which decreases Covids. There are other buttons too, like the one which controls global oil price, etc.
     
  13. cabse5

    cabse5 Newly Registered

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    Because there are so many, dem lies are a dime a dozen.
     
    Last edited: Nov 30, 2021
  14. Pro_Line_FL

    Pro_Line_FL Well-Known Member

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    Neither has kicked in yet, but you can blame it on them if you wish. Year 2020 saw MASSIVE increase in money supply ($3.1 trillion deficit) when checks were sent out to everyone, even people who were unaffected by Covid. This year deficit will be very large too, and much of it is from last year.
     
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  15. Egoboy

    Egoboy Well-Known Member Past Donor

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    And late at night, Kamala comes in and lifts Joe's arthritic immobile finger to the button she wants him to press....
     
  16. DEFinning

    DEFinning Well-Known Member Donor

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    Enjoy your future-based, hypothetical gripes, as long as you can. It is looking more & more, to me, that 2022 will prove the competent wisdom employed by Biden during 2021. IOW, we will be doing well, despite the fearful anti-vaxers, who drag down our full recovery. And after all your predictions of runaway inflation and economic collapse, turn out to have been completely wrong, you can spout off about how much better Trump, and all those Republicans who refused to work with Democrats (towards those positive results which we will be seeing) would have done, but I doubt you will continue to enjoy as much of an audience for analysis, beyond the John Bircher crowd.
     
  17. fmw

    fmw Well-Known Member

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    I hope she said price increases would be transitory. Inflation is always permanent. The value of the dollar never increases.
     
  18. sec

    sec Well-Known Member

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    market prices trigger based upon announcements. Look no further than what is happening with the new strain of covid and the markets.

    Defend Democrat policies all that you want. They are never good for the common folk
     
  19. sec

    sec Well-Known Member

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    Democrat votes did this to us. The folks are hurting and if you voted Democrat, you own some of the blame
     
  20. grapeape

    grapeape Well-Known Member Past Donor

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    The ports are run by the federal government because they manage foreign commerce
     
  21. HB Surfer

    HB Surfer Well-Known Member Past Donor

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    I wish she would go away... immediately. She's dangerous for the U.S.A. economy, our freedoms, and way of life.

    I'll bet the Commie Left loves this piece of crap.
     
  22. cabse5

    cabse5 Newly Registered

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    NO. Biden just shut down many domestic sources of drilling and producing oil or made domestic oil production and drilling much more expensive.
     
  23. cabse5

    cabse5 Newly Registered

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    Somehow, somewhere, the fed supply of money must end if we want to end inflation. The only other alternative is to literally tax the desire to spend away from every American.

    Side note: Biden ran on the notion that only 'the rich' would see their taxes rise...Biden lied.
     
    Last edited: Dec 1, 2021
  24. Hoosier8

    Hoosier8 Well-Known Member Past Donor

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    The biggest issue of whether inflation will persist is a mismatch of labor demand and supply. Supply is currently lagging demand increasing the price of services and production.
     
    Last edited: Dec 1, 2021
  25. HockeyDad

    HockeyDad Well-Known Member Past Donor

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    If Build Back Better passes, it will appropriate $150 billion dollars to HUD to move millions of welfare minorities to flourishing middle class white communities. The loss in property values in that move would run into the hundreds of billions of dollars. This is a direct attack on successful people using their own money to do so. I will never live in a community with subsidized housing. I paid my way in and have no interest in my tax dollars being used to move people into my community who vote against my interests and lack the interest or ability to contribute to my community.

    The sick bastards actually commissioned a study titled "Nuisance Abatement and Crime-Free Housing Ordinances" where they argue that kicking out HUD recipients from a community based on their crimes is racist and immoral. It is beyond infuriating that none of this housing is ever introduced into the communities of the elites that are inflicting them on upper middle class communities. They are using the bottom to attack the middle and everybody can see it.

    https://www.enterprisecommunity.org/blog/house-releases-amended-build-back-better-text
     

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