Biden is doing his job well. Inflation on the way down.

Biden is doing his job well. The inflation numbers this morning show that it is coming down. The CPI report showed that inflation is going down and if it continues to come down as it has come down the past 2 months, it should be at about 3.4% by May (last month it was at 8.1%).

Great Job Joe!

Consumer prices rose less than expected in November, up 7.1% from a year ago

 

Slowing inflation means slowing economy which is the idea behind the Fed rates hikes. When economy slows down too much, and hits recession, they start cutting rates again. Forcing economic slow-down is not best case scenario, but its a must-do in this case.

 

Yup almost there now

 

Lowering inflation does not mean the inflated prices go back down. It only means they are rising slower than before. Most of us are living on incomes which were determined nearly a year ago. So we are behind and will remain behind.

 

I guess you haven’t been to the food store recently. I’m up to $50 without getting out the produce aisle. I get sticker shock when I see the current prices of things my old brain can remember from the past.

 

LOL.. This is the kind of propaganda that you'd see in China. No worries, all is well... be dutiful slaves in your servitude....

 

Hmm. Some commentary on what you think he did to cause this might be appropriate. Perhaps also maybe some discussion about how the slowing of a rate of increase is a cause for celebration.

 

Uhh driver, we're headed for a cliff.

Yes, that's true. Let's try stepping on the gas pedal.

How's that going to help?

Well, I didn't fill up the gas tank.

But now we're going faster!

Give it a minute....gonna redline it. See now we're only going 40 miles an hour instead of 80.

Yeah. You blew up the engine.

You can thank me later.

 

I hear ya! Walnuts $10+ per pound, butter $5.5ish a pound, eggs 55cents a piece.. I made eight "Loaves" Potica's around $120 bucks.. Then four shipped to the bay area Cali, $35ish UPS..

Most expensive I have seen in thirty years of doing it..

 

I bought a little bag of Fritos Scoops the other day to go with the clam dip my wife makes during the holidays. It rang up at $5.25. I was at the self-checkout area. I started looking around for a clerk to see if that was a mistake. Then I realized it was accurate.

Of course, I should have been thankful that I could buy it. There has been a shortage thanks to Biden’s supply system issues.

 

In spite of it all there are some diamonds in the ruff! I snagged three 20# Packer Briskets for fifty bucks a piece and tossed them in the freezer! That's a pretty good deal considering this summer they were going for $110-150 a piece!!

 

Didn't blame him when it went up, not going to credit him now that it is going down

 

Let me be honest. I am the first one that has (from day one) stated that inflation is not the blame or the credit of a president. As such, this OP was more about addressing the irony of all the posts and OP that have debased Biden for having caused inflation. The OP is mostly an ironic reply.

Nonetheless, it is a fact that Biden has done all things possible to help inflation go lower. He did make our strategic oil supplies available to help increase the amount of oil available to meet the demand, for example.

Why is it a cause for celebration? You have to ask that? Lower inflation means lower cost of products that we all purchase, such as eggs, meat, food in general.

 

Indeed. Credit goes to the Fed though they share in the blame for runaway inflation since the members thought inflation would be transitory and therefore left rates too low too long.

 

LOL what a flip flop.....in the same thread.

You directly give Biden credit for the lowering of inflation and now you say the president isn't to get credit or blame for it.

You lefties will say anything even if it's the opposite of what you said a couple hours earlier.

And no, the OP was NOT about addressing the irony of posts blaming biden. You didn't mention anything of the sort. In fact, the OP was about nothing but giving Biden credit.

Thanks for the entertainment.

 

Creepy Joe didn't "do" anything. The Leftists just want to you to think he did. After telling us for two years that Biden had nothing to do with the inflation rate...lol

 

Biden is no more popular than he was six months ago and it appears he may have lost a bit of ground in the past month or two.

 

Actually it doesn't mean that. It just means a reduced rate in the increase in the cost of items. If someone offers you an apple for $2 that you could have purchased for a dollar yesterday you are not relieved to hear that it was only $.20 three days ago. That would be a reduction in the rate of inflation of the apple over those three days even though the dollar amount of the increase on the last day was larger.

 

Inflation should slow down one would hope because we are hitting a ****ING RECESSION. Lol.

 

So, what do you think he should be doing about inflation, and when would whatever he should do in your opinion reach a goal you haven't identified?

 

I for one acknowledged the ARP added marginally to inflation. But we would have had high inflation without it. There was too much easy money floating around globally after COVID subsided. Combined with all the other factors, including Putin's invasion of Ukraine, the Fed being late to act, continued supply chain issues, inflation was inevitable.

 

We're "hitting a ... recession" because we're creating a recession to slow inflation.

How would you slow inflation?

 

Manufacture. Trade. Profit.

 

Not my field of expertise, I just think .6% is hardly something to celebrate. It's more of a rounding error then an accomplishment ¯\_(ツ)_/¯

 

When inflation is only at 3% compared to 8% does that mean prices have stopped rising? Or does it mean that they aren't rising as fast?