High inflation is costing Americans an extra $1K a month

Surely it was very important for the Blues and the Reds to increase the minimum wage, didn't they?

 

https://www.federalreserve.gov/econ...ofitability,after the Global Financial Crisis.

 

If you dont want to accept the data, then there is nothing I can say to make you.

Greedflation is real, because the data clearly shows it. Ignore what you want for political comfort.

 

This would be a bad thing if wages didn't rise faster than inflation.

Inflation is currently at 3.8% and wages are rising by 5.8%.

So Americans are not losing purchasing power.

And that's why GDP grew by 2.5% last quarter.

You'd know all that if you didn't get your economic news from Fox.

 

Property taxes are not related to the inflation. Property values are always going to go up. That SALT act passed by Trump and Republicans made situation worse.

Not sure what you are referring that "my staff" buys me, but I most certainly bargain shop. I try to cook my own meals.

 

Code for Biden couldn't fix it and made it worse so blame it on a future Trump presidency. Math checks out, nice deep thought there, ps and all.

 

I just did because this is "cause and affect" because of the tax laws passed by "P01135809" administration which are still into affect today.

 

LOL as we told you would happen...from your link:
Our analysis shows that much of the increase in aggregate profit margins following the COVID-19 pandemic can be attributed to (i) the unprecedented large and direct government intervention to support U.S. small and medium sized businesses and (ii) a large reduction in net interest expenses due to accommodative monetary policy. Once we adjust for fiscal and monetary interventions, the behavior of aggregate profit margins appears much less notable, and by the end of 2022 they are essentially back at their pre-pandemic levels.

Let's go Brandon.

 

Did you read "not meant to be taken seriously"?

I am just parroting Trump when he claims credit for the recent stock market record highs. Apparently, he thinks the stock market is already anticipating his presidency, that's why it has been going up. I haven't heard you criticize Trump for this pretzel logic. But, it's not surprising that, in Trump world, everything good is always to Trump's credit, no matter if he is in office or not, and everything bad is always the Dems' fault, no matter whether in office or not. Just wait for next January, when Trump may be in the WH and inflation might still be sticky, how all of a sudden nothing can be done about inflation. That's how partisans roll.

 

Nope BIDENflation. It's monetary.

 

Si you have not seen Biden's proposed spending?

 

That's not the point. The point is that everyone is being impacted by various financial demons, with property tax being one many items causing the cost to peoples pocket books. Commercial property is ALSO impacted by property tax and that is always passed onto the consumer. Inflation is only a piece of the impact.

 

At a Palm Beach home, Trump pledged his billionaire donors that he would extend their desperately needed tax cuts.

Jesus Murphy, who really needs an act of generosity?

Trump’s billionaires, or the average folks who are now spending over $1,000 per month just to tread water?

ANSWER; Trump’s $59.99 Bible, Proverbs 19;17….

“Whoever is generous to the most stressed by inflation, lends to the Lord, and he will repay him for his deed”

 

Commercial real estate values are going down due to the amount of remote working.

 

So your saying the $4 BILLION Trump gave away is effecting inflation ?

 

Budgets originate in the House. Who is controlling the House? It's interesting that you try to pin everything on Biden, when you also claim that at the end of 2007 GWB's economy falling through the floor and exploding spending was the fault of the Dems who had just taken the House. You can't have it both ways.

Now, what is the House GOP doing about inflation? Didn't they campaign on laser focus on inflation? Or, are they rather pre-occupied with impeachment trials and infighting about who is Speaker?

Now, I am not saying Biden is innocent regarding inflation. I have said before that the second covid stimulus, in retrospect, was not neccessary.

 

I love when you say these things, so that Bipartisan bill kept the country employed, you know it, I know it. The killer was the Biden BS 2 trillion Covid relief after covid was over. This gas lite the inflation, just go look at historical rates. All that being said, you crack me up. 1 republican votes for a immigration bill you scream bipartisan bill. Every dem votes for covid relief, you scream Trump spent 4 trillion. Your hypocrisy knows no limits my Daily Covid Preacher friend, oh yea we remember.

 

JFC man.

The dems voted for it, but it WAS what caused a big chunk of inflation. You made the claim that inflation was Bidens fault, yet you leave out that Trump is the one who signed for the money.

YES it was needed, but it IS one of the main drivers of our current rate of inflation.

 

Commercial property valuation in my state has increased from 0% to 64%.

But again.. you're still not seeing the forest for the trees. Most people are getting hit hard in the pocket book, even if you yourself isn't.

 

Here’s an eye-opening info;


FRED Personal Saving, Quarterly and Monthly

There are two reasons why Personal Saving substantially increased during the Pandemic;

Reason (A); Consumers mainly buying essentials due to lockdowns, stay-home, business closures, etc., etc., etc.

Reason (B); Boosted by Covid Aid/Relief Packages

Let’s start…..

Q4 2018……PS at $1.137 Trillion
Q4 2019……PS at $1.138 Trillion

April 2020…..PS at $5.976 Trillion, up $4.84 Trillion, reasons A & B, stimulus ONE checks, $1,200/$500

Q4 2020…..PS at $2.131 Trillion……Down $3.845 Trillion

NOTE; Q4 2019 - Q4 2020 EXCESS SAVING; Approx. $1 Trillion

End of Jan 2021, 11 days after Biden’s Inauguration….PS at $3.699 Trillion…..Up $1.56 Trillion, reasons A & B, stimulus TWO checks; $600, enhanced unemployment benefits; $300

NOTE; Reason B….Not Biden

Feb 2021….$2.256 Trillion…..Down $1.44 Trillion

NOTE; Excess saving, still approx $1 trillion

Mar 2021……PS at $3.899 Trillion…..Up $1.64 Trillion, reasons A & B, Stimulus THREE checks; $1,400

April 2021…..reopening of the economy

Dec 2021……PS at $1.151 Trillion, back to 2019 level, hence NO Excess Saving, all spent during a period when the supply chain was severely disrupted.

QUESTION; In 2021, what money was inflationary?

ANSWER;

Trump’s A & B/Excess Saving

and

Biden’s A & B

 

The problem is sticker shock. Things cost more now than they did last year and the year before. People need to increase their income because of inflation, so you either grow your wage or other income or become poorer. And people have been doing just that which is why prices continue to climb to pay for it.

 

Never heard of 0% value, all land has some value.

https://finance.yahoo.com/news/commercial-real-estate-values-suffer-123000415.html
Commercial real estate values will suffer a $480 billion wipeout next year—and that’s following a $590 billion loss in 2023, research firm says

 

0% in no increase, yet no decrease.

Commercial Property Tax Impact on Commercial Property Owners and the Colorado Economy

 

If that organization wants to predict growth, they are at liberty to do so

 

also feel free to track the price of fuel which affects everything starting with a month after the January 2021 exec orders against fossil fuels were issued. It is what it is and is yet one more example of the harm caused by DC.

for those who just want to deny the effect of the EO's, follow this link and track from Jan 2021
https://ycharts.com/indicators/us_gas_price