U.S. inflation for basic necessity rights is skyrocketing

They've been repeating that BS for several months. These people have no idea what the heck is occurring. The Democrat extremism will leave a big crater on our nation's economy, and they will be praying for Biden to pass that infrastructure bill just so they have some example of achievement during this year of Biden crises.

 

Oil just surpassed its highest price since 2014.
https://www.investing.com/commodities/brent-oil

 

Well I'm assuming all lot if not all of the bottlenecks will at least be seen to be unwinding over the next 12 months. And with inflation forecasts half the battle is with expectations. So if people see the supply situation etc starting to return to normal their projections for future cost increases should start to abate.

There's no way though it should be going to go back to the effectively zero rates we've had for so long though. Nor should it. Long term/sustained zero inflation and interest rates are as bad for the economy as a high inflation rates are. Ideally the porridge has to be just the right temperature.

 

How dare you link claims and citations to this thread!!!

 

We need more people like you speaking out!!
Talk about knowing your s••t!!

 

No, its caused by the layoffs worldwide due to Covid-19. From manufacturing to shipping to distribution to retail sales. So stop with the BS.

 

Dude. The US was never “energy independent”. The US was a “net 0” importer, which meant we still sell our oil on the international market, as we are required to do, but we still bought as much as we sold. And since we know that OPES sets the international prices, OPEC sets our prices.

What covid policies are impacting imports. Be specific here. Because Supply chains have been hampered for the last 2 years, not just since Biden took office. So I would ask again, which Biden policy caused this.

Biden stopped natural gas production on federal lands, and once winter kicks in he will have no option but to restart that. Americas economy cant sustain 3x prices being projects for heating their houses this winter. That being said, that doesn't impact oil prices, which are the true driver of prices at the pump.But again, since the US is a net zero importer, it means that prices are still set by OPEC.

Again, the costs of moving the oil is not Bidens fault. There have been worldwide supply chain problems since the start of the pandemic. It’s disingenuous to blame that on Biden

OH FFS. Trump get credit for starting Operation Warp Speed. I have said that all along. But do not forget that the first vaccine out was not from Warp Speed, it was a private sector and they took no funds form the program. So to say we have the vaccine because of trump is a little disingenuous. Also, understand that Trump literally had no plan to distribute the vaccine.

People died because republicans told them that “the virus is just the flu”. Hell, they are still making that claim, still telling people not to wear masks, etc. Nobody on this board gets to claim that the right in this country did anything but make this pandemic WORSE. They are still doing that, and to claim otherwise is laughable.

 

OPEC ALWAYS SET THE PRICE OF OIL. The US is a net 0 importer, but they still trade their oil on the world markets (by law), which means that since the world markets are still set by OPEC, us prices are set by OPEC.

 

You hate Joe Biden and you will take any excuse to show your hatred.

You’re giving him a lot of credit if you think he can affect the entire world economy. What exactly do you think he has done to cause inflation in America and around the world?

 

4 years of Trump has consequences, sadly... higher gas prices raise the price of everything, and this is what Trump did last year

"Trump told Saudi: Cut oil supply or lose U.S. military support"

https://www.reuters.com/article/us-...se-u-s-military-support-sources-idUSKBN22C1V4

"Trump threatens 'very substantial' tariffs on imported oil if Saudi Arabia and Russia can't reach a deal to push prices back up"

https://www.insider.com/trump-threatens-saudi-arabia-russia-oil-tariffs-2020-4

 

That's funny.

There can be no economic growth without inflation.

When the GDP grows by 6.5%/year, it's because domestic demand is strong.

There was no inflation when Trump was in office because there was no growth.

That's a basic economic concept.

Do you understand it?

 

- Growth sabotaged by trade wars and tariffs.

- Ineffective corporate tax cuts to stimulate private investment.

- Huge deficits in times of growth and full employment.

 

ah yes, I remember all about shovel-ready jobs that created ****.

 

I’m on your side but I just have to point out that in a global trade economy we have to care what’s going on around the world. That said what’s going on around the world doesn’t negate from all the dollars being handed out by the trillions. That makes inflation worse and could possible put it into hyper inflation if not mitigated. Biden definitely has a hand in on inflation numbers anyone who says otherwise is not paying attention. The mask mandates will only cause prices to go up as well.

 

•You are so partisan it’s sickening. Prove to me that the tariffs and deals made hurt the economy. The renegotiated deal with Canada and Mexico definitely we’re done in our favor. The Trump trade deal with China is still being enforced by the Biden administration and they are trying to make China own up to that deal.
https://www.google.com/amp/s/www.pb...al-with-china-work-toward-durable-coexistence


•his tax cuts did stimulate private investment. Many companies even gave raises in reaction to those tax cuts. some even gave tuition on those tax cuts.
https://www.google.com/amp/s/amp.usatoday.com/amp/1023848001

 

we have a winner

Democrat politicians have a long history of being who they are. They are despicable folk. The folks who vote Democrat brought this upon all of us

 

Just because Biden maintains the tariffs with China doesn't mean they didn't have a negative impact on growth when implemented by Trump.

In CBO's estimation, the trade barriers put in place by the United States and its trading partners between January 2018 and January 2020 would reduce real GDP over the projection period. The effects of those barriers on trade flows, prices, and output are projected to peak during the first half of 2020 and then begin to subside. Tariffs are expected to reduce the level of real GDP by roughly 0.5 percent and raise consumer prices by 0.5 percent in 2020. As a result, tariffs are also projected to reduce average real household income by $1,277 (in 2019 dollars) in 2020. CBO expects the effect of trade barriers on output and prices to diminish over time as businesses continue to adjust their supply chains in response to the changes in the international trading environment.

https://en.wikipedia.org/wiki/Trump_tariffs

In any case, Biden has the right approach in wanting to obtain something against any concession with China.

After 2 Years, Trump Tax Cuts Have Failed To Deliver On GOP's Promises

 

Every one of them.

Specific enough?

 

The democrats talking about inflation are like Trump talking about COVID---it'll all be gone any day now. Just you wait and see!! Even the most rosey forecasts that take food and energy out of the mix has it sticking around at least 2 to 3 years. Add in food and energy i.e. the things people need the most....then there seems to be no discernible end in sight.

 

yep. It grew the economy and started the longest period of economic growth in american history.

 

Nice dodge again....i accept your surrender

 

Yes, it's so terrible that US consumer Demand is on steroids and the Borg-like Americans are consuming everything far in excess of the available Supply, causing prices to rise.

Hiden should order another lock-down to prevent Americans from consuming and that will cause prices to fall and then everyone will be happy and stop wasting band-width on threads like this.

After the worst recession in 40 years. Shocking I tell you. Just shocking.

Right after a recession had ended. Do you want me to connect the dots?

Just as soon as you import 450 Million foreigners to the US, you can manufacture everything here.

Like you. What a coincidence.

 

Spare me your nonsense, please. Was it not for the American resilience and ingenuity, Obama would have killed America. Worry not, comparing to Biden, Obama was genius indeed

Nearly 95% of all new jobs during Obama era were part-time, or contract

https://www.investing.com/news/econ...ing-obama-era-part-time,-contract-work-449057

 

Still spewing the same garbage. You can say it a thousand times and it won’t make it so.
Biden is a puppet controlled by who knows? It’s the policies of whoever controls him that we’re getting. He keeps saying “they won’t let me answer.” Who is they? He won’t even take questions at his own press conference’s.

https://m.youtube.com/watch?

 

You are projecting quite a bit. Fact is this is purely due to reckless racist joes inability to lead. Welcome to dems America...higher prices, more violence, dead soldiers, failed with withdrawals, inflation, massive gas prices, stronger taliban. And that’s just the beginning.