Highest inflation since...

[B-Man]

 

 

 

               

 

The Gaslighting Intensifies as Inflation Hits Another Major High

https://redstate.com/bonchie/2021/07/13/the-gaslighting-intensifies-as-inflation-hits-another-major-high-n410153

 

 

 

[Westside]

2 hours ago, B-Man said:

 

 

 

               

 

The Gaslighting Intensifies as Inflation Hits Another Major High

https://redstate.com/bonchie/2021/07/13/the-gaslighting-intensifies-as-inflation-hits-another-major-high-n410153

 

 

 

People are starving while sleepy joe eats ice cream. Shameful 

[Doc]

1 hour ago, Bidens_basement said:

People are starving while sleepy joe eats ice cream. Shameful 

 

Ice cream prices have increased since last year.  Obviously wasn't on the 4th of July menu...

[B-Man]

 

 

WELCOME BACK, CARTER: 

 

 

Bidenflation is real, and Democrats will make it worse.

 

https://www.washingtonexaminer.com/opinion/editorials/bidenflation-is-real-and-democrats-will-make-it-worse

 

 

 

 

White House quietly signals inflationary run could last years.

 

https://www.washingtonexaminer.com/news/white-house-quietly-signals-inflationary-run-could-last-years

 

 

[Chef Jim]

On 7/12/2021 at 6:11 AM, Tiberius said:

For the past few decades, the Federal Reserve has succeeded in keeping inflation low—perhaps too low. It had an assist: Shifts in the global economy, including globalization, demographics and the rise of e-commerce, helped keep prices in check.

Some economists say these so-called secular forces have begun to reverse in ways that the pandemic has intensified.

“The factors that were…playing a significant role in that low-inflation environment last cycle are beginning to fade,” said Sarah House, director and senior economist at Wells Fargo.

That could have important implications for the Fed as it grapples with how much of the current inflation pickup is temporary, and for the U.S. economy as a whole. Ms. House said it means that either inflation will run higher in the years ahead or the Fed will have to keep monetary policy tighter than it otherwise would to meet its 2% inflation target.

 

 

https://www.wsj.com/articles/reversal-of-long-term-forces-may-add-to-inflation-threat-11626082200?mod=hp_lead_pos5

 

I have read that this is inflation just playing catch up with years of low inflation.  Umm sure.  That's not how it works. 

[Irv]

Paid almost $3.20 for gas yesterday.  Thanks Biden.  What a mess.  

[Chef Jim]

6 minutes ago, Irv said:

Paid almost $3.20 for gas yesterday.  Thanks Biden.  What a mess.  

Awwww cute.  🙄

 

I had to tap my HELOC to fill my vehicle yesterday. 

[B-Man]

 

 

PETER SCHIFF: The Transitory Inflation Ruse. 

 

“It is certainly possible that we can finish 2021 with 10% CPI, which would rank it as bad as any of the years that we had during the 1970s.

 

Except 10% in 2021 is not 10% in 1971 or 1979 because this is not your grandfather’s CPI. This is a completely different CPI that is completely rigged and reverse engineered.

 

If we actually have 10% inflation, if we measured prices the way we did back in the 1970s, it’d probably be 15 or maybe 20% inflation.”

 

https://schiffgold.com/peters-podcast/peter-schiff-the-transitory-inflation-ruse/

 

 

[B-Man]

 

What an embarrassment.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[SCBills]

On 7/11/2021 at 8:03 PM, ALF said:

 

Better then my take watch Newsmax , OAN , Hannity and Tucker Carlson that is more your speed. 

It’s strange how people lump Tucker in with Hannity etc.,

 

I think Newsmax, OAN and Hannity are ridiculous, but watch Tucker pretty often.  He goes off on a shtick here and there, but he’s one of the few that touches on topics that nobody else in media will.  

[Westside]

4 minutes ago, SCBills said:

It’s strange how people lump Tucker in with Hannity etc.,

 

I think Newsmax, OAN and Hannity are ridiculous, but watch Tucker pretty often.  He goes off on a shtick here and there, but he’s one of the few that touches on topics that nobody else in media will.  

They ridicule what they fear.

[Irv]

It's all Trump's fault.  As soon as he left office, inflation shot through the roof.  What a mess.  

[Unforgiven]

On 7/13/2021 at 3:33 PM, Bidens_basement said:

People are starving while sleepy joe eats ice cream. Shameful 

Even my young daughter asked me the other day if he does anything more than eat ice cream.

This is a highly shameful period in this country. Worst in my lifetime.

 

[WhitewalkerInPhilly]

Oh look, people who think money isn't an abstract concept.

 

And oh look, people conveniently forgetting that the same thing happened the last time we had an economic collapse.

 

And oh look, people being against the revenue increases that would offset the rise of inflation.

 

And wow, when that venn diagram meets you get you chuckleheads

[Westside]

1 minute ago, WhitewalkerInPhilly said:

Oh look, people who think money isn't an abstract concept.

 

And oh look, people conveniently forgetting that the same thing happened the last time we had an economic collapse.

 

And oh look, people being against the revenue increases that would offset the rise of inflation.

 

And wow, when that venn diagram meets you get you chuckleheads

Maybe the free money handouts have something to do with the rise in inflation? 

[Artful Dodger]

7 hours ago, Bidens_basement said:

Maybe the free money handouts have something to do with the rise in inflation? 

 

In January, Congress passed a $1.9 trillion stimulus to fill a $600 billion hole in GDP.  Not only did the bill stimulate demand, but it extended enhanced unemployment benefits which have encouraged people to stay home rather than go back to work.  So they simultaneously goosed demand and restricted supply.  Not surprisingly, we're getting inflation.

 

And the chuckleheads at the Federal Reserve have been pouring gas on the fire.  Inflation is already much higher than they expected, and they continue to print money to buy treasury bonds and mortgage backed securities and continue to keep short term interest rates at 0%.  

 

There are no grownups making economic policy in Washington right now.  We're all paying the price, literally.

[mjd1001]

Ok, the inflation is as much (or more) a result of supply shortages, labor shortages, transportation issues...a backlog of services...basically things CAUSED by the pandemic....more than the actions of any 1 of the two parties.  Go ahead, Libs blame the right and the right can blame the libs....that is just you being a 'blowhard' for your own side.   Deficit spending and increased money supply...does that ADD to the issue? It sure does, but that is the fault of BOTH sides.

 

Commodity prices have already come down alot. When the supply chain gets better (it is GETTING better already) than inflation will level out.  Now mind you, that doesn't mean prices will go DOWN...just the rate at which they are going up will flatten.

[B-Man]

 

 

 

[B-Man]

AGENDA FIRST, LAST, AND ALWAYS: 

 

For Democrats, the pain of inflation is no reason to stop spending.

 

https://www.nbcnews.com/politics/politics-news/democrats-pain-inflation-no-reason-stop-spending-n1274917

 

 

 

 

[Big Blitz]

Paid $14 for the number 4 at Arby's the other day - I did substitute a milkshake for the drink.  

 

Used car costs are up 30%  New car costs are up over 5%.  

 

 

This isn't sustainable.  It's going to get really really bad.  Feel terrible for the folks in their late 50s about to retire.  

 

Shortest recession (man made self imposed) in the history of the United States. 

 

We responded with 9 trillion in spending and a few trillion in stimulus and unemployment checks  - indefinitely.  Good luck being the guy running on ending unemployment benefits or the size of the child "tax credit."   

[B-Man]

 

 

BIDENFLATION: 

 

Thanks To Inflation, American Wages Drop By Nearly 2%.

 

https://www.dailywire.com/news/thanks-to-inflation-american-wages-drop-by-nearly-2?%3Futm_source=twitter&utm_medium=social&utm_campaign=dwtwitter

 

 

 

[SoCal Deek]

On 7/20/2021 at 1:08 PM, mjd1001 said:

Ok, the inflation is as much (or more) a result of supply shortages, labor shortages, transportation issues...a backlog of services...basically things CAUSED by the pandemic....more than the actions of any 1 of the two parties.  Go ahead, Libs blame the right and the right can blame the libs....that is just you being a 'blowhard' for your own side.   Deficit spending and increased money supply...does that ADD to the issue? It sure does, but that is the fault of BOTH sides.

 

Commodity prices have already come down alot. When the supply chain gets better (it is GETTING better already) than inflation will level out.  Now mind you, that doesn't mean prices will go DOWN...just the rate at which they are going up will flatten.

Just to be clear: The pandemic didn’t cause any of this. It was caused by the governmental reaction to the pandemic. 

[unbillievable]

3 hours ago, SoCal Deek said:

Just to be clear: The pandemic didn’t cause any of this. It was caused by the governmental reaction to the pandemic. 

The 1st stimulus was to help the people

The 2nd stimulus was to help busineses

The 3rd stimulus was to buy votes

The 4th stimulus is to institute socialism.

 

[OrangeBills]

7 hours ago, unbillievable said:

The 1st stimulus was to help the people

The 2nd stimulus was to help busineses

The 3rd stimulus was to buy votes

The 4th stimulus is to institute socialism.

 

 

 

It's just very clear...the Legislative agenda is petering out, the March $1.9T is looking like a bad deal;  the Infra close to failing;  the $3.5T looks lost...

Got to get the people back dependent on the Gov't quick, even if people aren't sick enough to be hospitalized or die...just very clear

[Irv]

5 hours ago, OrangeBills said:

 

 

It's just very clear...the Legislative agenda is petering out, the March $1.9T is looking like a bad deal;  the Infra close to failing;  the $3.5T looks lost...

Got to get the people back dependent on the Gov't quick, even if people aren't sick enough to be hospitalized or die...just very clear

 

I just can't understand how swiftly and efficiently Dopey Biden and the idiot Dems were able to completely destroy the economy.  What a mess.  

[Big Blitz]

What a loaded ridiculous headline that's also wrong.

 

"This thing has been reduced to its lowest levels ever because of this other thing so what will ever happen when the thing comes to an end!"  

 

Omg poverty will be back obviously.

 

If poverty is at a record low it is NOT because of aid that has been used in just 10 plus months.  Absolutely ridiculous.  

 

 

[B-Man]

 

 

 

 

 

 

 

Toy prices will rise in time for Christmas sales. You'll pay more for lots of items soon as inflation rises.

 

https://hotair.com/karen-townsend/2021/07/29/toy-prices-will-rise-in-time-for-christmas-sales-youll-pay-more-for-lots-of-items-soon-as-inflation-rises-n405331

[Westside]

1 hour ago, B-Man said:

 

 

 

 

 

 

 

Toy prices will rise in time for Christmas sales. You'll pay more for lots of items soon as inflation rises.

 

https://hotair.com/karen-townsend/2021/07/29/toy-prices-will-rise-in-time-for-christmas-sales-youll-pay-more-for-lots-of-items-soon-as-inflation-rises-n405331

Thanks crooked joe🤬

[Big Blitz]

1 hour ago, B-Man said:

 

 

 

 

 

 

 

Toy prices will rise in time for Christmas sales. You'll pay more for lots of items soon as inflation rises.

 

https://hotair.com/karen-townsend/2021/07/29/toy-prices-will-rise-in-time-for-christmas-sales-youll-pay-more-for-lots-of-items-soon-as-inflation-rises-n405331

 

 

 

But January 6th!!!!!!!!

 

Chris Cuomo is interviewing a restaurant owner that had the audacity to want non vaccinated in his restaurant only!  Omg!!!

 

 

 

We have a never ending pandemic that is being exacerbated by the thugs in charge and the media cheering their every move  - unless it's Ron DeSantis.

 

We have inflation that in the matter of 6 months led to an overall wage decline of 2% on all Americans.

 

This country of stupid is being distracted by design while the actual insurrection unfolds.   

[Orlando Tim]

On 7/28/2021 at 1:29 AM, unbillievable said:

The 1st stimulus was to help the people

The 2nd stimulus was to help busineses

The 3rd stimulus was to buy votes

The 4th stimulus is to institute socialism.

 

I was gonna argue with you but I can't remember which stimulus was which, it is all just so much that benefits the rich over the poor. 

[B-Man]

 

 

 

BIDENFLATION: Fed Chair Makes an Ominous Admission About Inflation. 

 

““As the reopening continues, bottlenecks, hiring difficulties, and other constraints could continue to limit how quickly supply can adjust, raising the possibility that inflation could turn out to be higher and more persistent than we expected.”

 

The only things we don’t seem to be running out of are make-believe dollars.

 

 

https://pjmedia.com/news-and-politics/tyler-o-neil/2021/07/28/ominous-fed-chair-admits-inflation-could-turn-out-to-be-higher-and-more-persistent-than-expected-n1465314

[B-Man]

 

 

CNN Business reports:

 

Schneider said he believes that inflation is transitory. But the owner of brands including Nescafe, Gerber and Cheerios said it would need to raise prices by roughly 2% to offset cost increases of 4%. Nestlé hiked prices by 1.3% in the first half of 2021.

 

The company can hedge against some cost increases, such as rising coffee prices, said Schneider. But it can’t avoid the rising cost of things like transportation, which puts pressure on the company’s margins.

 

https://www.cnn.com/2021/07/29/investing/nestle-food-prices-inflation/index.html

 

 

 

 

 

[ALF]

Thanks China for covid , you really f'd up the whole world

[B-Man]

 

 

No "mean tweets" though..............

 

 

 

[B-Man]

 

 

 

Another Inflation Record Gets Broken as Biden's Senility Hits Home

 

Today, the record for the year-over-year increase in producer cost inflation was set at 7.8% and there’s no end in sight.

 

That breaks the previous record which was set in June of this year.

 

 

What was Joe Biden’s response to this?

 

Well, he took to the teleprompter to let it be known that his “build back better” policies were actually lowering costs.

 

It’s like he’s on another planet.

 

 

 

 

Did you get a tax cut? Because I don’t remember getting a tax cut? Perhaps he’s talking about trying to reinstate the SALT tax deduction, but that’s simply a giveaway to the very rich in blue states with high-income taxes. Regardless, he’s certainly not doing anything to lower costs. Rather, we are seeing the exact opposite of that.

 

People’s savings are melting away (which is why you’d be wise to move some money into mutual funds, real estate, or anything that produces a return) right now without them spending a dime of it. And what’s Biden doing? Lying to people and eating chocolate, chocolate chip ice cream for the cameras. The optics and the reality of it all are just insane.

 

Democrats have no answer to this because it’s their spending policies that are causing it, and they are too entrenched to reverse course. Instead, we’ll get silly qualifiers and more false assertions that this is all transitionary. Meanwhile, Republican senators are simultaneously passing a $1.2 trillion infrastructure package, handing Democrats a major win, that will only make the inflationary woes worse.

 

Isn’t Washington just great?

 

 

 

 

https://redstate.com/bonchie/2021/08/12/another-inflation-record-gets-broken-as-bidens-senility-hits-home-n425216

Edited August 12, 2021 by B-Man

[B-Man]

 

 

 

 

 

 

 

 

 

[plenzmd1]

Lets help the  working class families of this country...by making back to school over 40% more expensive

 

40 freaking percent

 

 

[Unforgiven]

On 8/16/2021 at 8:51 AM, plenzmd1 said:

Lets help the  working class families of this country...by making back to school over 40% more expensive

 

40 freaking percent

 

 

boy oh boy those lefties sure got us good, didn't they

[B-Man]

 

 

 

 

 

[Over 29 years of fanhood]

On 8/12/2021 at 1:24 PM, B-Man said:

 

 

 

Another Inflation Record Gets Broken as Biden's Senility Hits Home

 

Today, the record for the year-over-year increase in producer cost inflation was set at 7.8% and there’s no end in sight.

 

That breaks the previous record which was set in June of this year.

 

 

What was Joe Biden’s response to this?

 

Well, he took to the teleprompter to let it be known that his “build back better” policies were actually lowering costs.

 

It’s like he’s on another planet.

 

 

 

 

Did you get a tax cut? Because I don’t remember getting a tax cut? Perhaps he’s talking about trying to reinstate the SALT tax deduction, but that’s simply a giveaway to the very rich in blue states with high-income taxes. Regardless, he’s certainly not doing anything to lower costs. Rather, we are seeing the exact opposite of that.

 

People’s savings are melting away (which is why you’d be wise to move some money into mutual funds, real estate, or anything that produces a return) right now without them spending a dime of it. And what’s Biden doing? Lying to people and eating chocolate, chocolate chip ice cream for the cameras. The optics and the reality of it all are just insane.

 

Democrats have no answer to this because it’s their spending policies that are causing it, and they are too entrenched to reverse course. Instead, we’ll get silly qualifiers and more false assertions that this is all transitionary. Meanwhile, Republican senators are simultaneously passing a $1.2 trillion infrastructure package, handing Democrats a major win, that will only make the inflationary woes worse.

 

Isn’t Washington just great?

 

 

 

 

https://redstate.com/bonchie/2021/08/12/another-inflation-record-gets-broken-as-bidens-senility-hits-home-n425216

The concerted effort the democrats undertake to hide SALT tax opposition is laughable. 
 

it is absolutely tax relief for the rich. If you live in an expensive house in a wealthy high tax school district you paid significantly more in federal taxes after they capped SALT deduction.  
 

A middle class family isn’t paying over 10 grand in state and property tax except for a few really poorly run locales where you pay 13grand a year for a half car garage sized 150k house and absolutely abysmal schools, like newark.