Inflation Slows Again In November

Discussion in 'Current Events' started by Arkanis, Dec 12, 2023.

  1. independentthinker

    independentthinker Well-Known Member

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    If Trump had been re-elected prices would not be 20% higher than they are under Biden.
     
  2. independentthinker

    independentthinker Well-Known Member

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    LOL. Of course they do because Biden and Democrats are handing out all kinds of goody bags, while Americans already here can't afford to live.
     
  3. Arkanis

    Arkanis Well-Known Member

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    Last edited: Dec 13, 2023
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  4. cd8ed

    cd8ed Well-Known Member Past Donor

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    What policies do you believe trump would have implemented that would have prevented that?

    Especially seeing that much of our inflation is related to two items
    • Cost of goods, which has been linked corporate profits and market disruptions
    • Housing, which has been linked to investors buying up homes and lack of new homes which has been linked to extremely low mortgage rates when the market was manipulated to prop up a failed president
    How would he have fixed those two items?
     
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  5. independentthinker

    independentthinker Well-Known Member

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  6. Golem

    Golem Well-Known Member Donor

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    I agree! The would be at least 100% higher, salaries would be half, ... oh... and SS checks would be about half, medicare and obamacare would be gone because, after all, what's all this about the government handing out "free money"....

    On the other hand, your income tax would likely be close to zero. Which should make some people happy. But not anybody expecting a return because... that would be gone too.
     
    Last edited: Dec 13, 2023
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  7. independentthinker

    independentthinker Well-Known Member

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    Biden and the left do anything and everything they can to increase wages, which increases inflation

    Biden and the left do anything and everything they can to attack businesses, increasing inflation

    Biden and the left do anything and everything they can to attack fossil fuels and promote green energy, increasing inflation

    Trump would not have done any of this.
     
  8. independentthinker

    independentthinker Well-Known Member

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    LOL. This is from CBS news, not Fox News:

    https://www.cbsnews.com/news/trump-vs-biden-poll-2024-presidential-election-year-out/

    Then we also have this from Newsweek, not Fox News:

    https://www.msn.com/en-us/news/poli...eating-joe-biden-where-it-matters/ar-AA1lkHiK

    Are you a fact denier?
     
    Last edited: Dec 13, 2023
  9. Golem

    Golem Well-Known Member Donor

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    WHAT is from CBS that has anything to do with my post?
     
  10. Arkanis

    Arkanis Well-Known Member

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    Household consumption index.

    It is positive at 3%.

    This is one of the indices used to calculate GDP.

    Which, by the way, grew by 5.2% last quarter, proof that the economy is vigorous.

    And it contradicts your assertion that "nobody can live in the US anymore....".

    I just gave you a lesson in Economics 101.

    Don't thank me.
     
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  11. cd8ed

    cd8ed Well-Known Member Past Donor

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    We are producing more oil than any time in our history

    You also did not address either of the two items that have been most closely tied to the causes of inflation and are likely also ignoring that the US is doing better than almost all of our international peers.

    But you are right about one thing, trump likely wouldn’t have done anything outside of giving more tax breaks for the wealthy and slashing environmental protections.
     
  12. Quantum Nerd

    Quantum Nerd Well-Known Member

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    There is no evidence to support this notion. In fact, the vast majority of advanced economies experienced high inflation from 2021 to 2023. The UK, for example, has a cumulative inflation rate of 19% during the same time, almost identical to that in the US, and they were led by a conservative government.

    Of course, the beauty about economics is that there are no control experiments, so, we don't really know what inflation would have been if Trump had been reelected, or what 2017-2020 would have looked like if Hillary had been elected. Therefore, both sides can claim victory based on "feelings".

    BTW: Even DeSantis is now blaming Trump for jumpstarting inflation by outsized spending in 2020. And, his name was on the checks, just in case the excuse is: It's the Dems fault.
     
    Last edited: Dec 13, 2023
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  13. Hey Now

    Hey Now Well-Known Member

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    This thread is really suffering from Ultra MAGA participation???!!! Heck, they are not even trying to derail it nor have posts removed from it.....just burying their easily influenced heads in the sand.
     
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  14. mudman

    mudman Well-Known Member

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    Polling is crystal clear when it comes to the economy. People think it sucks.

    The left saying that it's not as terrible as it was is not changing what people think of the current economy.
     
  15. Bullseye

    Bullseye Well-Known Member

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    Doesn't matter when it was incurred; WE'RE still paying the inflated prices and charges that resulted.
    I've never seen ANYONE make that assumption. That the Dem pedal baloney about "inflation coming down" seems to be exactly what you're assuming Republicans of saying. Most GOPers I know point out that the "inflation" number is a rate of growth data point while most LW talking heads seem to be obscuring the facts.
    You do realize most people live for more than one year, right? So quoting a one-year change is a distortion, if not a lie.
     
  16. flyboy56

    flyboy56 Well-Known Member Past Donor

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    Inflation slowed but it is still rising.
     
  17. The Ant

    The Ant Well-Known Member

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    Your terminology is faulty. Inflation is falling, but prices are still rising, at a slower rate....
     
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  18. flyboy56

    flyboy56 Well-Known Member Past Donor

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    Inflation is slowing not falling. Read the title slowly.
     
    Last edited: Dec 13, 2023
  19. Golem

    Golem Well-Known Member Donor

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    It doesn't actually matter because the economy is strong. And so long as it remains strong and this is felt by Americans by November 2024, it's all good. It will be all improvement from there. So long as we don't elect another idiot who breaks it the way Trump broke the Obama economy.
     
    Last edited: Dec 13, 2023
  20. flyboy56

    flyboy56 Well-Known Member Past Donor

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    And the latest poll where Biden is failing miserably on the economy? Biden’s polling lower than Jimmy Carter’s economy and we all know how that turned out in 1980.
     
  21. The Ant

    The Ant Well-Known Member

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    Good grief....it's the English, isn't it...?

    Inflation is expressed as a RATE, like speed. If you are travelling at 60mph and you drop it down to 50mph, your speed (your RATE of movement) has FALLEN... Yes, your movement is slower...because your RATE HAS FALLEN...!
     
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  22. yardmeat

    yardmeat Well-Known Member

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    I have a feeling that your "latest poll" is based on feelings alone and not facts. Overall, the economy has been doing well. Try looking at the facts and not just fee fees.
     
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  23. Arkanis

    Arkanis Well-Known Member

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    They're wrong.

    Biden will have a communication job to do.

    Fortunately, the election is still a long way off.
     
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  24. The Ant

    The Ant Well-Known Member

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    This where perception runs headlong into reality...to use a hackneyed example, 'polls' used to show that the Earth was flat. Those people were obviously wrong, in the light of the real world.

    All of the economic signs in the US are heading in the right direction. Check again in the summer of '24....
     
    Last edited: Dec 13, 2023
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  25. mudman

    mudman Well-Known Member

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    So now you get to tell people who are struggling that things are actually great.

    Sure.

    The effects of inflation have been massive and inflation slowing down fixes nothing, it simply means what's already horrible isn't getting even worse quite as fast. Sorry, but nothing anyone says will fix people's opinion about their own situation short of their own situation actually improving....and there's no reason to believe that will happen in the near future.
     

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