The proper way to look at inflation is year over year, and with that, we have dropped from over 9% inflation this past summer to 6.4% in January (down from 6.5% in December), and the momentum is still downward. Again though, any bumps in the road are just temporary as we move further and further away from the event that caused the inflation. Anyone who denies that the pandemic (and the pent up demand then realized as we opened back up) caused the high inflation is smoking crack or just so biased they can't see straight.
There is nothing that the Biden Administration did to cause the high inflation, and conversely, there is nothing it has done to LOWER the inflation rate either, ESPECIALLY not the Inflation Reduction Act which is a horrible name (good stuff in there, but nothing to fight overall inflation). Biden and his administration didn't do anything to create the lowest unemployment rate in 50 years in our country either. These are all predictable cycles following a very disruptive pandemic, and involved in that is included an older population that has mostly withdrawn from the workforce and an influx of immigrants that has slowed to a trickle.
Inflation is just ONE part of the economy. YES, it was caused by the pandemic (and aftermath of the pandemic), but the low unemployment rate AND the robust spending of Americans is helping to keep it from dropping more quickly...do note though, that overall it will continue to drop throughout 2023 and into 2024.
I know the Fed will continue to raise rates and then keep them high for longer than it should, but really, it needs to chill out. Companies just need to deal with the fact it's a market that favors workers...pay them more, let them all go spend, and allow inflation to fall slowly back to more normal levels. BUT, it won't because Powell is against workers having so much leverage.
Just another example of why Greg Zawaski is smarter than you.
I know the Fed will continue to raise rates and then keep them high for longer than it should, but really, it needs to chill out. Companies just need to deal with the fact it's a market that favors workers...pay them more, let them all go spend, and allow inflation to CONTINUE TO BE HIGHER THAN TARGET LEVELS BECAUSE OF THIS.
Fixed.
Nah...inflation would just more slowly drop, AND at the same time not continue to strangle the stock market where many older people get their income from their retirement savings. While I am retired, I don't yet need my retirement stash because The Lovely Mrs. Flagpole still works, and even when we do start taking from it, we have much more than we need, so inflation, even inflation and a stagnant stock market doesn't hurt us, BUT, I am concerned about the average retiree who relies on the stock market at least going up a little bit.
Powell is more anti-worker than he should be here.
American ‘Conservatives’ absolutely cannot be trusted with anything. Except to be unethical and cruel.
"Newly released messages show Fox executives fretting that month over an uncomfortable revelation: that if they told their audience the truth about the election, it could destroy their business model."
President Biden did his Fitness test today and was IMPRESSIVE, Remember he is 80 Years Old.
President Biden did 36 push-ups, 11 pull-ups (not the type he wears) and ran a mile in just under 5 minutes according to the results of his physical fitness test. pic.twitter.com/KH818CeOxe
— Marcus Gordon Anthony 🇺🇲 🙏🐕🦺♥️⛰️ (@MarcusGAnthony) February 16, 2023
these are the guys Sally defends and says were peaceful. You know, guys with flags so they were good guys.
DOJ seeking a terrorism enhancement for Jan. 6 rioter John Douglas Wright, who explicitly wrote before the attack that rioters would "HAVE TO FIGHT THE BLUE" and "DRAG" elected officials "OUT" of Congress. Wright took two buses full of 100 MAG.a fans from Ohio to DC
these are the guys Sally defends and says were peaceful. You know, guys with flags so they were good guys.
DOJ seeking a terrorism enhancement for Jan. 6 rioter John Douglas Wright, who explicitly wrote before the attack that rioters would "HAVE TO FIGHT THE BLUE" and "DRAG" elected officials "OUT" of Congress. Wright took two buses full of 100 MAG.a fans from Ohio to DC
He pleaded guilty to obstruction of an official proceeding. If he indeed say they need to make "home visits" and "drag elected officials out of Congress" then he should be prosecuted very severely. But what he pled to is different. Agip, were you this enraged when Dems WERE actually making "home visits" to the residences of SC justices threatening them with violence and the attorney general DID NOTHING even each instance is a serious crime?
American ‘Conservatives’ absolutely cannot be trusted with anything. Except to be unethical and cruel.
"Newly released messages show Fox executives fretting that month over an uncomfortable revelation: that if they told their audience the truth about the election, it could destroy their business model."
You are the biggest liar on this thread. Liberals lie to an exponential level and ant be trusted with anything they say. How dumb are you to believe the koolaid they are selling you?
The proper way to look at inflation is year over year, and with that, we have dropped from over 9% inflation this past summer to 6.4% in January (down from 6.5% in December), and the momentum is still downward. Again though, any bumps in the road are just temporary as we move further and further away from the event that caused the inflation. Anyone who denies that the pandemic (and the pent up demand then realized as we opened back up) caused the high inflation is smoking crack or just so biased they can't see straight.
There is nothing that the Biden Administration did to cause the high inflation, and conversely, there is nothing it has done to LOWER the inflation rate either, ESPECIALLY not the Inflation Reduction Act which is a horrible name (good stuff in there, but nothing to fight overall inflation). Biden and his administration didn't do anything to create the lowest unemployment rate in 50 years in our country either. These are all predictable cycles following a very disruptive pandemic, and involved in that is included an older population that has mostly withdrawn from the workforce and an influx of immigrants that has slowed to a trickle.
Inflation is just ONE part of the economy. YES, it was caused by the pandemic (and aftermath of the pandemic), but the low unemployment rate AND the robust spending of Americans is helping to keep it from dropping more quickly...do note though, that overall it will continue to drop throughout 2023 and into 2024.
I know the Fed will continue to raise rates and then keep them high for longer than it should, but really, it needs to chill out. Companies just need to deal with the fact it's a market that favors workers...pay them more, let them all go spend, and allow inflation to fall slowly back to more normal levels. BUT, it won't because Powell is against workers having so much leverage.
Just another example of why Greg Zawaski is smarter than you.
Greg is A LOT smarter than the 60 year old Flagpole. Anyone who boasts about being smart is NOT smart. That’s too deep for Flagpole to grasp. Biden is the worst of the worst. A con and a huge liar. Listen to his big speech, flat out lies but only ignorant and uninformed people people would look past his criminal activities and lies.
American ‘Conservatives’ absolutely cannot be trusted with anything. Except to be unethical and cruel.
"Newly released messages show Fox executives fretting that month over an uncomfortable revelation: that if they told their audience the truth about the election, it could destroy their business model."
You are the biggest liar on this thread. Liberals lie to an exponential level and ant be trusted with anything they say. How dumb are you to believe the koolaid they are selling you?
I’m incredibly dumb. I drink Joey Bs koolaid all day long. Come on man!
The GOP just took control of the House of the Representatives, and there’s a Democratic president in the White House. That means House Republicans will open inv…
And the Democrats were? They were treating the January 6th hearings like they were the Nuremberg Trials and the BLM riots like they were the Woman Suffrage Procession. I agree some of the stuff is a waste of time and resources, but let's not act like the Democrats were above such wastefulness.
Greg is A LOT smarter than the 60 year old Flagpole. Anyone who boasts about being smart is NOT smart. That’s too deep for Flagpole to grasp. Biden is the worst of the worst. A con and a huge liar. Listen to his big speech, flat out lies but only ignorant and uninformed people people would look past his criminal activities and lies.
Now wait just a minute there! I happen to know a very stable genius. Are you claiming that he is NOT smart?!?
Please don't post such rubbish. It upsets my entire world view. I BELIEVE in the Least Racist Person any of us have ever seen!
