Bidenomics at Work as Inflation Cools to Just 3%

[robosmith]

2 hours ago, CdnFox said:

A particular item may be down at your store - or you may have been OVERpaying for it previously. You know - because you're not that bright

You're one too dumb to know that $1.25 is a very good price for a dozen eggs. Duh

Esp AFTER the recent inflation. Years ago you might have gotten them on a good sale for $0.99 for 18.

2 hours ago, CdnFox said:

Which would be fine if you only needed to buy one thing, but of course that's not the case. People need to buy all kinds of food, they can't get by on just eggs.

Hey, if you were smart, you'd know and go where the best prices are.

2 hours ago, CdnFox said:

And over all food has been going up. And by a lot.

Not for me, cause I know how to SHOP. Duh

2 hours ago, CdnFox said:

Sure - sometimes you can find something on sale and a smart shopper looks for deals. I own a few freezers and around here there's certain meats and such that go on for half price every 3 months or so and i stock up.

But - it's STILL more expensive than the best deals you could find a few years ago.  Overall you're paying a lot more.

THere's things you can do - you can eat less, you can sub in cheaper produce or meats, go with frozen veggies instead of fresh, etc.   But at the end of the day you're paying more and getting less than you used to.

Nope, you just shop the sales. Protip: Get Flipp. Duh

[CdnFox]

34 minutes ago, robosmith said:

You're one too dumb to know that $1.25 is a very good price for a dozen eggs. Duh

LOL - triggered leftie is triggered

I don't know about your eggs but YOU certainly are a little cracked

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Esp AFTER the recent inflation. Years ago you might have gotten them on a good sale for $0.99 for 18.

That's nice   Also irrelevant.  Not to mention that's less than you're paying now which means they've gone up

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Hey, if you were smart, you'd know and go where the best prices are.

Who said i don't?  But reagardless of what the best prices today are they're not the best prices of yesterday overall and you're paying more for groceries.

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Not for me, DUH

Yes for you, you just don't know how to count. And you're drooling again. Is it because you're thinking about eggs?

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Nope, you just shop the sales. Protip: Get Flipp. Duh

AHhhh - no wonder you overpay.   Real pro tip - go to the farmers.

Obivously how much you're paying for groceries has you upset - you're triggered, you're drooling so bad you're practially foaming at the mouth, and  you're kind of falling apart.

Hang in there.  I know the inflation crisis has you bummed out but justin won't be in for much longer.

[robosmith]

Morgan Stanley credits Bidenomics for ‘much stronger’ than expected GDP growth

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Morgan Stanley is crediting President Biden’s economic policies with driving an unexpected surge in the U.S. economy that is so significant that the bank was forced to make a sizable upward revision to its estimates for U.S. gross domestic product.

As a result of these unexpected swells, Morgan Stanley now projects 1.9% GDP growth for the first half of this year. That’s nearly four times higher than the bank’s previous forecast of 0.5%. 

 

[CdnFox]

3 minutes ago, robosmith said:

Morgan Stanley credits Bidenomics for ‘much stronger’ than expected GDP growth

 

https://www.businessinsider.com/us-economy-outlook-rollercoaster-inflation-full-employment-recession-stocks-blackrock-2023-7?op=1

The US economy is in for rollercoaster inflation and could be headed for an ultra-rare 'full employment recession,' BlackRock says

[reason10]

On 7/12/2023 at 1:07 PM, Rebound said:

Thank you for your support of President Biden:  When you INCLUDE food and energy costs, the inflation rate is BETTER. 

You don't even know what inflation is. And the TREASON TIMES might as well be THE VIEW.

https://www.foxnews.com/opinion/3-ways-biden-makes-inflation-worse

First, he will not stop spending. After crowing about the dubious deficit cuts contained in his Inflation Reduction Act, the president decided to cancel student debt to the tune of as much as another trillion dollars.  

According to the nonpartisan Committee for a Responsible Federal Budget, in less than two years Biden has added $4.8 trillion to our long-term debt. That tsunami of government (taxpayer) spending is spurring the highest inflation in 40 years, crushing the well-being of average Americans.

Second, all the benefits being provided by an unpopular president hoping to buy higher approval ratings, like a 21% increase in food stamp outlays and canceling of student debts, are combining to keep people from having to go back to work. 

Third, Biden’s enthusiastic embrace of Big Labor means higher wages, as we have just seen. Many of the president’s generous plans to rebuild America include provisions requiring the use of unionized workers; that means less competition and higher costs. He has also proposed making union dues tax deductible and undone pro-business measures adopted by President Trump that, for instance, defined the role of independent contractors. 

You have the education of a child.

 

 

[CdnFox]

https://edition.cnn.com/2023/07/30/politics/trump-second-term-president-election-2024/index.html

The chance of Trump winning another term is very real

Trump is not only in a historically strong position for a nonincumbent to win the Republican nomination, but he is in a better position to win the general election than at any point during the 2020 cycle and almost at any point during the 2016 cycle.

No one in Trump’s current polling position in the modern era has lost an open presidential primary that didn’t feature an incumbent. He’s pulling in more than 50% of support in the national primary polls, i.e., more than all his competitors combined.

[BeaverFever]

On 7/31/2023 at 1:39 PM, CdnFox said:

https://www.businessinsider.com/us-economy-outlook-rollercoaster-inflation-full-employment-recession-stocks-blackrock-2023-7?op=1

The US economy is in for rollercoaster inflation and could be headed for an ultra-rare 'full employment recession,' BlackRock says

Well they are deliberately trying to cool the economy to control inflation knowing full well that its almost impossible to do so without at least some risk of recession as the economy is not something you can just land on a bullseye. But given current inflation, a recession is the lesser of 2 evils and a “full employment recession” is likely to be brief and shallow anyway. 

[CdnFox]

25 minutes ago, BeaverFever said:

Well they are deliberately trying to cool the economy to control inflation knowing full well that its almost impossible to do so without at least some risk of recession as the economy is not something you can just land on a bullseye.

Sure - there have been very few cases ever of runaway inflation being brought under control without a period of recession or stagnation.  the BoC just said that last month - a recession is worth the price to stop runaway inflation.

But - the inflation is substantially due to biden's economics. So if he's responsible for the illness then he's got to also wear the side effects of the cure.

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But given current inflation, a recession is the lesser of 2 evils and a “full employment recession” is likely to be brief and shallow anyway. 

Well i don't know about how shallow it's going to be - and i suspect it's going to be very long.  We saw something similar in the 80's.  Stagflation rather than recession or recovery.  Of course - that's really impossible to predict at this point, it would depend on a number of factors. It's possible that the US gets off light.  Canada is more likely to get it worse for a number of reasons, but the us is a little more resilient.  The right decisions could see them recover more smoothly.

[impartialobserver]

The stimulus payments in 2020 caused the most recent high inflation rates. As for the declining (but still positive) rates of inflation.. Biden is mostly not responsible. However, I know that politicians take credit for all sorts of stuff that they should not. The recent declining rates of inflation is simply economics at work. Less money chasing the same number of goods. 

[robosmith]

30 minutes ago, impartialobserver said:

The stimulus payments in 2020 caused the most recent high inflation rates. As for the declining (but still positive) rates of inflation.. Biden is mostly not responsible. However, I know that politicians take credit for all sorts of stuff that they should not. The recent declining rates of inflation is simply economics at work. Less money chasing the same number of goods. 

Inflation was and still is HIGHER than the US in most Western nations. Did all of them have comparable COVID "stimulus payments"?

[WestCanMan]

Inflation? What inflation?

I thought there wasn't any. Or at least, that's what Biden said. 

[WestCanMan]

3 hours ago, CdnFox said:

https://edition.cnn.com/2023/07/30/politics/trump-second-term-president-election-2024/index.html

The chance of Trump winning another term is very real

Trump is not only in a historically strong position for a nonincumbent to win the Republican nomination, but he is in a better position to win the general election than at any point during the 2020 cycle and almost at any point during the 2016 cycle.

No one in Trump’s current polling position in the modern era has lost an open presidential primary that didn’t feature an incumbent. He’s pulling in more than 50% of support in the national primary polls, i.e., more than all his competitors combined.

FBI: "Hold my Bud Light..."

Edited August 1, 2023 by WestCanMan

[WestCanMan]

5 hours ago, CdnFox said:

https://edition.cnn.com/2023/07/30/politics/trump-second-term-president-election-2024/index.html

The chance of Trump winning another term is very real

Trump is not only in a historically strong position for a nonincumbent to win the Republican nomination, but he is in a better position to win the general election than at any point during the 2020 cycle and almost at any point during the 2016 cycle.

No one in Trump’s current polling position in the modern era has lost an open presidential primary that didn’t feature an incumbent. He’s pulling in more than 50% of support in the national primary polls, i.e., more than all his competitors combined.

lol, he was just indicted for the mostly peaceful protest on Jan 6th.

The timing of my post above couldn't be any better.