Here We Go Again (The Carter Nightmare)

Well it didn't take Biden long to derail the economic train that Trump had rolling along the right track. You guys who voted for Biden are now losing money.
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The latest Consumer Price Index shows that consumer prices rose 6.2 percent from October 2020 to October 2021—the highest price inflation level in more than 30 years. In particular, necessities such as food, fuel, and used vehicles saw stark price increases. On a one-month basis, from September 2021 to October 2021, prices rose 0.9 percent—significantly more than wages.

So, even though wages nominally increased, real purchasing power has declined. That’s right: Americans may think they’ve gotten a raise, but they actually got a pay cut.

 

Nope, they got a raise.

 

That depends. Do you count pay as numbers in a bank's database or in purchasing power?

 

Trump crashed the economy long ago

now the right is upset Biden is not cleaning up Trump's mess fast enough

 

The numbers on your paycheck.

 

Dream on, Leon.

 

a temporary rise in prices due to distribution problems due to the pandemic and a supply issue of cheap foreign oil due to Trump threatening foreign countries to lower supply last year

how do republicans think we should address this?

 

Trump had no problem addressing these problems and he got positive results. Maybe Biden should have kept Trump's policies in place rather than cancel them.

 

what did Trump do to address these problems?

Threaten foreign countries to cut oil supply last year, that is part of why we are in this mess

 

Not a Republican, but I don’t think we should be importing any oil at all. Instead we should be producing all we need and exporting the excess.

 

American oil costs more, are you willing to pay more at the pump?

I believe we should buy cheap foreign oil and save ours for when the rest of the world runs out

 

aka numbers posted in a bank's database.

 

By producing oil we can force the prices down.

 

Please support your statement.

 

we produce more then enough, we are even still exporting oil

the fact is, American oil companies will charge whatever people are willing to pay, they are not gonna give you low-priced gas just cause they can

 

foreign oil supply is down right now, prices are up... why is American oil not giving us cheap gas prices?

 

So you have no support for your statement. Noted.

 

Ok, so?

 

I just gave you proof and you choose to ignore it, can only lead a horse to water, can't make him drink

were living the proof, this is a real world example

 

Oil is a fungible commodity. Are we a net exporter or are we exporting excess oil in the Gulf of Mexico and importing oil from Canada or Africa to supply East Coast refineries where it's needed. The pipeline between the Gulf and Cushing, OK was reversed since we didn't need to import massive amounts of oil. What gives now that Biden shut down leases on Federal land leaving the world with less production.

You probably should get the facts straight b4 posting Marxist talking points.

 

there was no production on federal land stopped, Biden just stopped new leases from being requested

 

ANother off topic Trump rant trying to derail the thread

 

Everything is wonderful in its own way ,,, explaining why US oil production tanked on January 21, 2021

 

WRONG
In 2020, the United States exported about 8.51 MMb/d and imported about 7.86 MMb/d of petroleum, making the United States a net annual petroleum exporter for the first time since at least 1949.

Right now we are paying more due to declines in domestic crude oil production and corresponding increases in crude oil imports.

The United States will import more crude oil to fill the widening gap between refinery inputs of crude oil and domestic crude oil production. U.S. crude oil production declined because of well curtailment and a decline in drilling activity.

Further, EIA expects the rising price of crude oil will contribute to more U.S. crude oil production later this year. Monthly domestic crude oil production will reach 11.3 million b/d by the end of 2021 and 11.9 million b/d by the end of 2022.

Which means we pay more to have oil shipped from around the world, then pumped into tankers, then trucked to refinery holding tanks and pumped into those.

You can't ship oil from around the world and trucked around the US cheaper than producing your own. Oil prices are governed by global oil market prices. You can't buy cheaper oil like you can buy cheaper China products. lol

 

You've not provided anything that states, other than YOUR statement, that it costs more for American oil. You know, THIS statement: