U.S. inflation for basic necessity rights is skyrocketing

That's why the world hates Joe Biden. He has created the instability by reversing everything Trump accomplished, especially on the supply side. By the way, I don't care what's going on around the world. I care what Biden and the Democrat Congress are doing to this country. We will be in a deep recession very soon at this rate.

 

What Trump failed economic policies? The Pandemic hurt areas that Trump's policies were the best in 70 years. Like employment for Blacks, Hispanics, Women and the Youth. Lowest ever. Inflation in check. Corporations coming back to the U.S. Products being made again in America. First time the U.S. was energy independent meaning OPEC did not control the price of oil. Cleaned up the mess at the boarder. Cleaned up the Clinton trade deal with Canada and Mexico. There's a lot, lot more that Biden has flipped because of his blanket destruction of Trump's policies with Biden's executive orders without thinking the damage. And, then there is all this defunding the police leading to chaos in big Democrat run cities. WOKness is causing more division. Biden is causing more division than you think Trump could ever do. But, Democrats keep trying to change the definitions and perception of things but you will never change reality.

 

The real reason to blame Uncle Joe for the weather is he's clueless of what is going on. His handler bureaucrats are the ones mucking up the country and the world. Biden reversed all that Trump had established including the supply problems. But, Biden reversed all that. Biden reversed the fact Trump had us energy independent and now people don't have heating oil and gasoline prices continue to skyrocket. And, when you look at the price of oil being controlled by OPEC instead of the U.S. as Trump had it done, everything costs more regardless of the supply issue. It costs more to ship goods. That is ALL on Uncle Joe. That isn't going away until oil prices come down. Also, the continued spending and doling out money by the Biden-Pelosi-Schumer Cartel increases inflation and interest rates. Biden is almost to Jimmy Carter levels. This isn't Trump's doing nor the Pandemic. And, if Biden's Cartel keeps dividing the country with the Pandemic, the economy will get worse. Biden is President. Not Trump. And Biden is doing everything wrong to fix the economic recession and possibly depression that is coming.

 

Not what WH press secretary is saying. She is saying, we’re having supply problems and inflation ‘Cos our economy is too good.

If that is winning, it’s about time we gonna need to start losing

 

Not what Joe’s mouthpiece is saying, she’s saying Joe’s economy is so good, it’s causing logistic problems and inflation.

****ing adults are in the ****ing White House are causing this. Enjoy the ****ing three ring circus, my friend.

 

‘Cos of Obama, the recession dragged on, and on, and on, it should have been much shorter.

But do go on and revise the history… again.

 

Does Biden know about policy?

 

Perfect! And you're right, we have no President at this time! What we have is a dozen idiots like Pelosi all with crazy ass agenda's programming a old feeble man parrot to take the blame for all the stupid crap agendas these morons wake up with every morning. At the end of the day he will be the most hated pin cushion for stuff he will never know he did..

The DNC are some dirty low down folks and the worst part is they got there with VOTES

 

Lol.

The pandemic shut downs had nothing to do with it?

It's amazing how you only see what validates your agenda.

Also, kinda missing the details.

The US rate is about to pass flipping Kenya.

https://countryeconomy.com/cpi

 

Right now there is an extreme shortage of CDL drivers, and it is affecting the supply chain. Of course the supply chain needs improvement, and I believe this is where AI can auto delivery and help out.

 

The only one of those things that are actually necessity, is fruit & vegetables - and they have the smallest increase.

 

So

A) You don't think a Republican President would face the same problems because somehow (magically) the entire global supply chain can somehow be returned to normal as soon as he or she snapped their fingers?

and

B) Congress and the Senate don't have any role in setting economic policy its all down to the President. Really?

Because those were supposed to be the two key takeaways from my post i.e. this is not, however much you'd like to paint it as one a Democrat vs Republican issue. The forces at work are entirely outside the immediate control of either party. And in the short term the only thing that will fix the problem is time.

Finally interest rates are sent by the Board of the Fed not the White House and have been at historically low levels for more than a decade. So it was always a question of exactly when not if interest rates would go up - that's the only direction they could go! Add the fact western governments have been pump priming their economies with COVID lock down subsidies of various sorts for more than a year to the supply and demand disequilibrium I mentioned previously and of course inflation is heading up. Where did you think it would go. Again not a Dem vs Repub issue.

The key test will be what policy settings are put in place in the medium term (the next 12-24 months) because governments everywhere are going to have to wait and see what impact the effect of global supply chains getting back to normal has before they can make accurate assessment of underlying inflation trends.

 

This Biden economy is gonna get a whole lot worse.

 

Stop watching Fox News……

https://www.forbes.com/sites/chuckj...-10-years-of-economic-growth/?sh=1c5b249768b7

I fully expect you to now attack Forbes

 

Nice dodge….

Again…..Which Biden policy created any of this ? Be specific

 

LOL! So, we are supposed to only have our needs and forget about our wants? Perfect for Stalin's Russia or Mao's China or Castro's Cuba. The only fruit's and vegetables in the U.S. right now are Democrat leaders, media, Hollywood and the vegetable Joe Biden.

 

You are joking? Start with the loss of Oil from Canada and our own Alaska causing increasing prices worldwide because OPEC became the leaders again on price setting of Oil. Costs around the world have spiked. The price to business spikes when oil doubles in cost and many business simply can't continue causing massive supply issues. It's very simple but do liberal leftists care? No, they just blame Trump because it's easy and it makes them feel better with their TDS.

 

Yep! I noticed someone posted that the only necessity we should be concerned with is the increase in price of fruits and vegetables and they only have gone up 3%. When that changes to 30%, then what will the liberal Democrats say and do? They are already the fruits and vegetables.

 

And they said we needed to allow illegals so we could have cheap lettuce.

 

Again…which BIDEN policy caused any of this ?

OPEC has ALWAYS set the prices.

You went off on a diatribe that didn’t address my post, and explained how oil and gas prices have been set for the last 60 years.

Now I ask again. Which Biden policy created any of this ?

 

The better question is .. why should 'luxuries' (anything beyond necessity) be as cheap as necessities? Shouldn't all our efforts go into making necessities as cheap as possible?

 

Grow their own, hopefully.

 

Bookmarked to laugh at all the Trumpists claiming a recession is coming when of course it doesn't happen.

 

We've gone over this nonsense about OPEC setting high prices. I cited court cases for you. Why do you keep repeating this nonsense? Oh cause Biden is trying to shift blame to the industries he's attempting to cripple.

Covid guidelines on Ports is one policy that's exacerbating the issue. Truckers are delayed hours due to the Covid requirements.

Biden's policies that hinder oil and natural gas production is also a problem. The Administration is putting road blocks on Federal Leases. State Democrats are putting roadblocks on Natural Gas companies, as well as pipeline projects. It is monumentally idiotic to stop natural gas production, because it is become much cleaner and efficient as an energy source. It's so important to Europe and Australia's transition to Green Energy that they are all funding natural gas pipeline production.

Biden wants the oil industry to increase production to artificially lower prices. This increases costs exponentially for oil companies cause they have store it and export it at increased costs during a period where freight is more expensive to week long back logs. Biden's desperate attempt with the oil and gas industry is just another example of him getting caught off-guard on an issue we all knew was a problem last year. We have had threads about it.

Oh and let's not forget the onerous Covid-19 shutdowns, delayed re-openings, and burdensome mandates that has continued to put pressure on the economy. The only reason we are reopened is cause Trump acquired the vaccines, and the economy was on uptrend when he left office. And the only reason so many people died is cause Democrats were sending infected patients back into nursing homes.

 

Next few months LOL. That is mighty optimistic. Even more optimistic than anybody who does this for a living has been indicating.