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

By statue budgets start with the President sending his proposal. Inthe Congress both the House and the Senate work on their separate proposals amd the Senate can, and has, finish it's first. Budgets DO NOT have to originate in the House, Civics 101. So the rest of your post is based on your flawed premise and not worth a response.

So have you seen the HUGE spending increase Biden wants and since the Dems have controlling power having the Executive and the Senate.......what they doing about inflation?

 

No, Inhave been quite clear in what I said and obviously you can't refute it.

 

Who sets the price of crude oil ?

 

https://fred.stlouisfed.org/series/CP

 

I see profits. I don’t see profit margin.

 

Why doesn't somebody else just open a similar business and sell at a lower price? And still make a very healthy profit?

If that option was there, the market would take care of it.

Nobody is a victim of the market as suggested. Don't like it, don't pay for it or build a better mouse trap.

 

I like the sound of that. Does that include the greedy politicians or just those earning the money?

 

Trump's mishandling of Covid is still costing us

 

interest rates, the Republican run FED raised interest rates.....

 

I clearly showed that in my original rebuttal…

 

Really, you think it’s that easy to just “get into the market”…….Amazon anyone…..

 

Absolutely includes politicians.

 

your original rebuttal:


“Corporate profits drove 53% of inflation during the second and third quarters of 2023 and more than one-third since the start of the pandemic, the report found, analyzing Commerce Department data. That's a massive jump from the four decades prior to the pandemic, when profits drove just 11% of price growth.”

And what you are passing off as your original rebuttal:

“The large increase in profitability following the COVID-19 pandemic stands out. The profit margin increased from 11.3% in 2020q1 to 19.2% in 2021q2. Thereafter, this quantity steadily declined and reached 15.1% in the last quarter of 2022, a value comparable to the one immediately after the Global Financial Crisis.”



Completely different. Hopefully I don’t have to point out the differences to you?


As for your second one, great, it talks about profit margin. But you don’t have a link for it, I’d like to delve further into the numbers. Where are you getting it?

 

Amazon just jumped into the market, and built a better mouse trap than department stores.

Yes.

That's how the market works.

You're not a victim of a free market, you just don't want to play the game and prefer an authority provide to you what you deem "fair".

I fully support the open market place, the innovation that comes from it, and the competitive environment that dictates consumer pricing all the way to wages. I'm vehemnetly opposed to the short sighted attractiveness of authoritarian control of markets because I know what the long term consequences look like, and it's not good.