NEW: Kamala Harris vows to get food prices back to what they were before she came to the White House 😂

[robosmith]

8 hours ago, Nationalist said:

Sideline here.

Tell me...what happens to prices when the cost of getting goods to the stores doubles?

Tell us how Joe doubled the cost of getting goods to stores all over Europe and Canada, meathead.

[robosmith]

6 hours ago, gatomontes99 said:

They all did the same stupid sh1t.

And you don't understand WHY.

From 2008 RepubliCONS b!tched about an economy that recovered slowly from the Bush Jr "great recession."

Joe Biden learned from that mistake and understood it was MORE EXPENSIVE to let the economy languish than to pump it up. Inflation was temporary to jump start the economy. Duh

[robosmith]

6 hours ago, gatomontes99 said:

You probably haven't worked in retail or you wouldn't post such a meaningless stat. That's OK, let's use this a teaching point.

Let's say you have a widget store. You sell the finest widgets on your block. Every month, the widgets you sell  out you $10 a piece. For easy numbers, let's say you sell 100 widgets a month.

For the purposes of demonstration, we will ignore overhead, taxes and all other costs.

If you sell the widgets for $10 a piece, at the end of the month you would have $1000. You could replace the widgets but you would make no money.

So you sell the widgets for $15 a piece. You put $1500 in your register. However, you habe to replace the widgets to have something to sell next month. At the end of the month you have $500 profit.

You rich bastard.

This month, your supplier notifies you that the cost of the widget must go up to $15 on your next order. If you buy this order at $10, sell at $15, you will have just enough for resupply, but nothing for you.

You decide to raise your prices to $20. You make $2000. When you make your next order, though, you spend $1500. Does that mean your profit was $500? Absolutely not. You made a profit based on your original cost of $1000. So your profit (2000 - 1000) is $1000 or a 100% increase.

You still have $500 in your pocket, but the profit was far higher.

Now, let's reinduce taxes. If you make $1000 profit, you pay taxes on $1000. When you compare actual cash in hand from before the cost increase to after, you actually have less money even though you doubled your profit.

You poor bastard.

There may be some corporate greed. I'm not in their books. I also don't know if they are using LIFO or FIFO for tax purposes and how that may have impacted their profit. But, inflation and replacement costs are the primary driver here.

The democrats, however, see an opportunity to capitalize on the emo responses of their Goerbels. They want to increase taxes to increase control and move the ball closer to authoritarian socialism/communism.

 

Your RANT completely IGNORES the pandemic caused supply chain issues which CAUSED the increase in wholesale prices.

Factories shut down and didn't get up to speed nearly as fast as the DEMAND. Duh

5 hours ago, WestCanMan said:

1. SOOOOOOOOO dumb. Why do you even open your mouth.

2. Inflation was caused by a few things, all of them Biden's fault:

1. Mass-producing dollar bills, thereby driving down the value of the dollar
2. Biden's war on domestic energy: gas and coal. When the cost of energy goes up, the cost of everything goes up, because we use energy to create things and bring them to market, and the market itself pays more money for energy
3. Biden's war in Ukraine, which reduced the amount of energy getting to market from Russia.
4. Biden's weakness: he culdn't convince OPEC to increase production after he blacklisted Russian energy and attacked his own energy sector

Here's what a little thing called the US gov't has to say about inflation....

Look at Biden's inauguration date lol. 

100% of this runaway inflation occurred under doltin' Doh's disastrous dictatorship. 

So how did Biden do ^this all over Europe and Canada? ㊙️ He DID NOT.

[ironstone]

8 hours ago, Rebound said:

Why wasn't this a major issue while Trump was in office? Did all of the corporations listed above only happen to  start gouging after Biden and Harris took over?

[robosmith]

4 minutes ago, ironstone said:

Why wasn't this a major issue while Trump was in office? Did all of the corporations listed above only happen to  start gouging after Biden and Harris took over?

They started gouging to make up for lost profits during the pandemic. Had to get those books back in order.

[Hodad]

5 hours ago, WestCanMan said:

1. SOOOOOOOOO dumb. Why do you even open your mouth.

2. Inflation was caused by a few things, all of them Biden's fault:

1. Mass-producing dollar bills, thereby driving down the value of the dollar
2. Biden's war on domestic energy: gas and coal. When the cost of energy goes up, the cost of everything goes up, because we use energy to create things and bring them to market, and the market itself pays more money for energy
3. Biden's war in Ukraine, which reduced the amount of energy getting to market from Russia.
4. Biden's weakness: he culdn't convince OPEC to increase production after he blacklisted Russian energy and attacked his own energy sector

Here's what a little thing called the US gov't has to say about inflation....

Look at Biden's inauguration date lol. 

100% of this runaway inflation occurred under doltin' Doh's disastrous dictatorship. 

Lol. We've long since established that you're economically illiterate, but I appreciate that you never miss an opportunity to demonstrate it. 

1. Yes, stimulus can contribute to inflation, but it was not the primary driver here. And if you were even marginally honest you'd acknowledge that both the Trump stimulus and the Trump deficit were larger than those under Biden. If you want to claim that stimulus and deficit are the primary drivers then apportion blame appropriately. --For the record, stimulus was absolutely the right move to stave off disaster.

Regarding timing, there is almost nothing a POTUS could do to cause an immediate inflationary reaction in the first month in office. The lag alone is longer than that. That should be your first--and most obvious clue--that the inflation train was already in motion as Biden was being sworn in. Again, because it's being driven primarily by external economic realities. Which, again, is why it's a worldwide phenomenon, you thick twit.

2. "Biden's war on domestic energy" is an absurd fiction. You're taking about a period of record domestic oil production--literally more oil extracted than at any point in history. If you can grasp a concept as basic as supply and demand (and I'm skeptical) then you would understand that record supply is NOT driving up costs. As you've been told many times, oil is a global market with global prices. Even at record production, the US isn't going to fill global demand. Production sites around the world were shuttered when demand dropped during the pandemic and global production wasn't coming back online until prices increased to justify restart costs.

3. Calling it "Biden's war in Ukraine" is just asinine. A non-starter for any thinking person. Yes, Putin invading Ukraine did exacerbate the disruption of the energy market, but it had nothing to do with Biden, your fantasies to the contrary notwithstanding.

4. OPEC had just finished cutting production, partially at Trump's urging (raising gas prices). They're not our servants. They're not going to jump every time we ask, especially against their own interests. We are dependent nations. If you don't want to be beholden to OPEC buy a goddamn EV and break the cycle. 

Edited August 17, 2024 by Hodad

[gatomontes99]

18 minutes ago, robosmith said:

Your RANT completely IGNORES the pandemic caused supply chain issues which CAUSED the increase in wholesale prices.

Factories shut down and didn't get up to speed nearly as fast as the DEMAND. Duh

Ok...I wasn't talking about what caused inflation. I was talking about why businesses show higher profits during inflationary periods.

[ironstone]

12 minutes ago, robosmith said:

They started gouging to make up for lost profits during the pandemic. Had to get those books back in order.

What about the time period before the pandemic?😉 I don't recall price gouging being much of an issue before Covid.

Your argument is weak.

[Nationalist]

1 hour ago, robosmith said:

How long do you MAGA CULT believe no one will see through ^your BULLSHIT?

Right up to the point Trump breaths life back into the economy, closes the border and begins deporting your slaves.

[robosmith]

33 minutes ago, gatomontes99 said:

Ok...I wasn't talking about what caused inflation. I was talking about why businesses show higher profits during inflationary periods.

NOT as a percentage. Maybe in absolute terms. The same percentage of a higher absolute revenue does increase the absolute profit.

[robosmith]

31 minutes ago, ironstone said:

What about the time period before the pandemic?😉 I don't recall price gouging being much of an issue before Covid.

Your argument is weak.

What about it? Inflation didn't start until demand higher than supply near the end of the pandemic. 

[Nationalist]

1 hour ago, robosmith said:

Tell us how Joe doubled the cost of getting goods to stores all over Europe and Canada, meathead.

Well...blowing up Nordsteam and canceling the pipelines.

That's a good start. Shall we explore why those "I did that" stickers were so popular now?

The problem you have...or one of them anyway...is that we've been through both presidencies now and know what the results were.

Edited August 17, 2024 by Nationalist

[robosmith]

3 minutes ago, Nationalist said:

Right up to the point Trump breaths life back into the economy, closes the border and begins deporting your slaves.

Our economy is gang busters. Stock market setting RECORDS. Sorry to hear YOUR ECONOMY SUCKS.

[Nationalist]

Just now, robosmith said:

Our economy is gang busters. Stock market setting RECORDS. Sorry to hear YOUR ECONOMY SUCKS.

Lol...ya...you keep saying that. Maybe @myata will believe you.

[robosmith]

5 minutes ago, Nationalist said:

Well...blowing up Nordsteam and canceling the pipelines.

Prove that Joe did that. Ukrainians had far more to gain. And Keystone was not even near finished.

5 minutes ago, Nationalist said:

That's a good start. Shall we explore why those "I did that" stickers were so popular now?

They are ridiculous NOW. You can blame Putin for the spike in gas prices, lDIOT.

5 minutes ago, Nationalist said:

The problem you have...or one of them anyway...is that we've been through both residencies now and know what the results were.

IF they were the same in Canada as the US (and most of Europe), that does not point to Biden. Duh.

Edited August 17, 2024 by robosmith

[Hodad]

1 minute ago, Nationalist said:

Well...blowing up Nordsteam and canceling the pipelines.

That's a good start. Shall we explore why those "I did that" stickers were so popular now?

The problem you have...or one of them anyway...is that we've been through both presidencies now and know what the results were.

We sure have. Trump inherited a strong economy and left it a dumpster fire. 

Biden inherited a dumpster fire and will leave a strong economy. 

The degree to which any POTUS is responsible for the economy is a separate question, but if you want to talk results, we definitely know what those were. 

[robosmith]

1 minute ago, Nationalist said:

Lol...ya...you keep saying that. Maybe @myata will believe you.

Can't argue with UE near 4%. Anyone who wants a job can get one.

[gatomontes99]

11 minutes ago, robosmith said:

NOT as a percentage. Maybe in absolute terms. The same percentage of a higher absolute revenue does increase the absolute profit.

Yeah, it goes up as a percentage. Read the first post you quoted. This time, try following along.

[Nationalist]

10 minutes ago, robosmith said:

Prove that Joe did that. Ukrainians had far more to gain. And Keystone was not even near finished.

They are ridiculous NOW. You can blame Putin for the spike in gas prices, lDIOT.

IF they were the same in Canada as the US (and most of Europe), that does not point to Biden. Duh.

Lol...ya...a bunch of Ukrainians covertly blew up Nordstream. Lol...

Keystone needed to be finished. 

Putin? He's still selling oil and gas. Ask Portugal. I believe he's still selling it to most of Central Europe too. No...prices went nuts as a direct result of your greenie chickenshit lie. Your fear-porn. But it's over now. The cost is too high and the whole fiasco has neatly been exposed as a political lie.

 

[Nationalist]

17 minutes ago, Hodad said:

We sure have. Trump inherited a strong economy and left it a dumpster fire. 

Biden inherited a dumpster fire and will leave a strong economy. 

The degree to which any POTUS is responsible for the economy is a separate question, but if you want to talk results, we definitely know what those were. 

Lol...oh you Libbies. I often have to wonder if you really believe the garbage you peddle.

I was there, dim-witty! We all were there. We saw what happened. 

Why do you insist on denying history? All that does is reaffirm the notion that you have absolutely no principals.

20 minutes ago, robosmith said:

Can't argue with UE near 4%. Anyone who wants a job can get one.

At McDonnals like Kamala...

[Hodad]

11 minutes ago, Nationalist said:

Lol...oh you Libbies. I often have to wonder if you really believe the garbage you peddle.

I was there, dim-witty! We all were there. We saw what happened. 

Why do you insist on denying history? All that does is reaffirm the notion that you have absolutely no principals.

At McDonnals like Kamala...

The numbers didn't lie, but you do. Read 'em and weep.

[WestCanMan]

1 hour ago, robosmith said:

So how did Biden do ^this all over Europe and Canada? ㊙️ He DID NOT.

When Biden instigated war in Europe, he didn't leave Russia's energy out of it, dummy. Nor their food. Nor Ukraine's food. 

And FYI, when the USA slows down energy production it's no different than if any other country on earth lowers their energy production. Energy like gas, oil and coal are part of a global supply that everybody draws from. When the US and Canada produce less energy, and Russia's energy is blacklisted, it makes a noticeable difference. FYI it's not just your leftards down there that are at war with domestic energy production in NA. 

Now we know it was Biden who had Russia's gas pipeline to Germany blown up. 

Electing dummies is just bad for business. 

If you elect a guy like Walz who was too dumb to protect his cities, and who likes to drive 100mph when he's completely wasted, you're eventually gonna get what you paid for. Kamala is equally useless when she's not under someone's desk. 

Scary: in a recent US poll only 52% believe that Trump is a better choice for leading the economy. I think even you'd agree that's a bit crazy. Say what you want about Kamala's strengths and weaknesses, but I can't for the life of me think of any reason to believe that  Kamala is a better choice to lead the economy, aside from propaganda overload.

[Nationalist]

24 minutes ago, Hodad said:

The numbers didn't lie, but you do. Read 'em and weep.

Up yours liar! How's that?

Inflation was down, interest rates were down, gas and energy were cheap. A great economy.

4 years of Brandon and the giggling twit, and all that is gone.

[Hodad]

52 minutes ago, Nationalist said:

Up yours liar! How's that?

Inflation was down, interest rates were down, gas and energy were cheap. A great economy.

4 years of Brandon and the giggling twit, and all that is gone.

Pick a set of economic indicators from December 2020 and compare them to today. 

GDP? DOW? Unemployment? Job growth? Wage growth? Production? Spending? Composite indicators? 

Pick your poison. 

 

Jeebus, I hope your kids are at hot as you think they are because you didn't do 'em any favors in the brains department.

[Matthew]

For what it's worth, I'm not hearing the Democrats or the Republicans say or propose anything useful about the economy. They are both pandering to dumb ideas that their bases want to hear, and they are both being deceptive about the economic ups and downs of the last 4 years. Republicans can't get honest about post-covid inflation, and democrats can't get honest about the post-covid recovery.